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Bombardier Stock Soars After CSeries Deal With Airbus

Image: Bombardier Stock Soars After CSeries Deal With Airbus
Margoe Edwards | Dreamstime

Tuesday, 17 October 2017 10:52 AM

Bombardier Inc shares surged more than 20 percent on Tuesday after the Canadian planemaker said it would sell a majority stake in its CSeries jetliner program to Airbus SE.

The stock jumped 56 Canadian cents, or 23.7 percent, to C$2.92, on track for its biggest one-day gain since September 2015, on the deal, which analysts said could quash Bombardier's dispute with Boeing Co.

Boeing shares were down 0.8 percent at $257.76 in U.S. trading. Airbus shares were up 4 percent at 80.11 euros, one of the biggest rises by a European blue-chip stock.

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Bombardier Inc shares surged more than 20 percent on Tuesday after the Canadian planemaker said it would sell a majority stake in its CSeries jetliner program to Airbus SE.
bombardier, stock, shares, airbus
93
2017-52-17
Tuesday, 17 October 2017 10:52 AM
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