Airbus chief opens up on failed Bombarder talks
Bombardier Inc. offered rival Airbus Group SE an investment in its C Series plane program for a “song,” Airbus sales chief John Leahy said, as he provided a glimpse into talks that broke down last October after they were leaked to the media.
June 1, 2016 By The Globe and Mail
Speaking on Monday to a group of reporters at an Airbus event in Hamburg, Germany, Mr. Leahy said Airbus seriously considered the offer, according to an account of his comments by trade publication FlightGlobal.
Airbus figured it could cut the cost of making the C Series planes by about 10 per cent over what Bombardier projected, FlightGlobal reported Mr. Leahy as saying. Airbus could also offer Bombardier a global support network for the planes, he said. | READ MORE