BREAKING NEWS

BREAKING NEWS

Bombardier confident Airbus deal can resolve U.S tariff issue

Now Reading:

Bombardier confident Airbus deal can resolve U.S tariff issue

Text size Aa Aa

TOULOUSE, France (Reuters) – Airbus SE’s <AIR.PA> acquisition of a majority stake in Bombardier Inc’s CSeries jetliner means the aircraft can be made in the United States and should enable the Canadian plane maker to skirt U.S. trade tariffs, Bombardier’s CEO said on Tuesday. “Assembly in the U.S. can resolve the issue,” Bombardier <BBDb.TO> Chief Executive Alain Bellemare told a joint news conference in Toulouse. Bellemare said the two companies would now work on a 6-12 month timeline for finalising the deal.

(Reporting by Tim Hepher; Writing by Sudip Kar-Gupta; Editing by Richard Lough)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.