Airbus closes 50.01% control acquisition of C Series Aircraft LP

CPE Media News – pcJournal (7/2/2018) – Airbus SAS, a wholly-owned subsidiary of Airbus SE (EPA: AIR) has closed the acquisition of 50.01% majority stake in C Series Aircraft Limited Partnership (CSALP).

Following the closing of the transaction, Bombardier Inc. (TSX: BBD.B) and Investissement Québec own approximately 34% and 16% respectively of CSALP.

CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec.

photo credit: Bombardier

News Release

Bombardier confirms the closing of the C Series transaction

July 1, 2018 Montréal Bombardier Inc., Press Release

The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE (EPA: AIR), Bombardier Inc. (TSX: BBD.B) and Investissement Québec came into effect on July 1, 2018. Airbus now owns a 50.01% majority stake in C Series Aircraft Limited Partnership (CSALP), while Bombardier and Investissement Québec (acting as mandatory for the government of Québec) own approximately 34% and 16% respectively. CSALP’s head office, primary assembly line and related functions are based in Mirabel, Québec.

Furthermore, as previously announced, Bombardier has issued today in the name of Airbus SAS warrants exercisable for a total number of 100,000,000 Class B shares (subordinate voting) in the capital of Bombardier, exercisable for a period of five years at an exercise price per share equal to $1.74 US, being the U.S. dollar equivalent of $2.29 Cdn on June 29, 2018.

About Bombardier

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier is a trademark of Bombardier Inc.

For Information

Simon Letendre
Manager, Media Relations and Public Affairs
Bombardier Inc.
+1 514 861 2650

Patrick Ghoche
Vice President, Investor Relations
Bombardier Inc.
+1 514 861 5727

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.