Airbus and Bombardier confirmed the transaction transferring majority control of the CSeries program to Airbus was completed as scheduled July 1.

Under terms of the agreement reached in October 2017, Airbus now owns a 50.01% stake in the CSeries Aircraft Limited Partnership (CSALP), Investissement Québec owns approximately 34% and Bombardier holds 16%.

CSALP’s head office and the primary CSeries final assembly line (FAL) will remain based in Mirabel, Canada. Philippe Balducchi, who formerly was Airbus Commercial Aircraft’s performance management chief, has taken over as the head of CSALP. The 110-150-seat narrowbody aircraft, which is available in two variants (the CS100 and CS300), will immediately become part of Airbus’ portfolio.

Bombardier has indicated its primary focus will return to the regional aircraft market and its CRJ and Q400 programs.

Aaron Karp, aaron.karp@informa.com