Montreal - Having obtained all necessary regulatory approvals, the partnership between Airbus, Bombardier, and Investissement Québec will come into effect on July 1st.

Unveiled on October 16, 2017, the strategic partnership between Airbus, Bombardier and Investissement Québec on the CSeries program will come into effect on July 1st. All the regulatory approvals necessary for the conclusion of the agreement have been obtained.

Airbus acquires the majority stake in the C Series Aircraft Limited Partnership (SCACS) with 50.01%. Other partners Bombardier and Investment Quebec would have 31% and 19% respectively.

Bombardier's 100, 150-seater CSeries will benefit from the Airbus' worldwide supply chain as well as its expertise in the marketing and sales. The head office, main assembly line and related functions of the partnership will be based in Mirabel, Quebec. A second final assembly line (FAL) will be opened in Mobile, Alabama, where A320s are already assembled.

As a result of this partnership, Airbus and Bombardier expect increased demand for the CSeries aircraft. According to Airbus, this model will be able to get an excellent piece from the orders for 6000 aircraft needed worldwide over the next 20 years.