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  Agreement signed: Airbus share fixed: Airbus acquires majority of medium-range business of Bombardier | News | Bit Updates
Home » bitcoin updates » Agreement signed: Airbus share fixed: Airbus acquires majority of medium-range business of Bombardier | News

Agreement signed: Airbus share fixed: Airbus acquires majority of medium-range business of Bombardier | News

Tuesday, October 17th, 2017 | bitcoin updates

Airbus CEO Tom Enders has now moved to the top of the arch rival after airbus had already drifted off in 2015, when Bombardier had already set off the so-called C-series with medium-range airplanes for rather low passenger numbers from financial hardship Boeings a fragrance mark. For Bombardier, this could also be an exemption since the financial problems since 2015 have grown and the US government under Donald Trump with a penalty of up to 300 percent for the C series threatened. Since the final production of the aircraft is to migrate to a US plant of Airbus, this is now probably avoided. This is precisely what Boeing is likely to annoy because the US manufacturer had demanded the penalty for government subsidies for the aircraft series. Since 2015 the problems of Bombardiers have become even greater, so that Airbus does not have to pay directly on the takeover, but only the cost of the – Bombardier is still facing financial gaps of up to $ 700 million over the next three years, as the two companies reported early Tuesday morning. The deal will be handed over to the company, which is responsible for the C-series, as the companies reported early Tuesday morning. Bombardier will retain 31 percent. The state investment company, which was set up two years ago to support Bombardier, has a stake of around 19 percent. Airbus does not have to pay for the purchase directly, but only the costs for the further development bear.Airbus boss Tom Enders said, the discussions for the partnership had begun in August. He described the agreement he had now reached as a "win-win" situation for all parties involved.

The takeover was celebrated on the stock market. The Airbus share rose by about three percent in the first trading minutes and is heading back to its record high of early October. The paper has been highly rated by investors for some time – in the past twelve months, the stock market value has risen by nearly 50 percent to more than 60 billion euros. In recent days, however, corruption reproaches had burdened the papers. Bombardier's shareholders also made the announcement happy. At the Frankfurt Stock Exchange, Bombardier's share price rose by about seven percent, but Bombardier's shares had lost considerable importance in the past few years, as Bombardier is not only struggling with major problems in the aircraft business, but also in railway technology. Among other things, the attempt to merge with the Siemens train division failed recently. /zb/menTOULOUSE (dpa-AFX) Image sources: Airbus, ERIC PIERMONT / AFP / Getty Images, Airbus Group

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