Airbus added a twist to a U.S.-Canada trade dispute by announcing a plan to partner up with Bombardier, the Boeing Co.’s Canadian rival.
The plan calls for Airbus to take on a majority stake in Bombardier’s C Series line of passenger jets, which is due to be hit by U.S. tariffs of nearly 300 percent.
Europe-based Airbus will own 50.01 percent of the C Series limited partnership, leaving Bombardier with about 31 percent and Investissement Quebec with 19 percent. The partnership’s headquarters and primary assembly line will remain in Quebec, but Airbus said it would expand C Series production to its manufacturing site in Alabama.
