Once the third largest aircraft maker, Canada’s Bombardier on Thursday announced the sale of its A220 stake to Airbus and the Quebec government, effectively exiting commercial aviation after a failed expansion. According to a statement, Bombardier will receive US$591 million from Airbus for its 33.58 percent stake in the joint Airbus Canada Limited Partnership (ACLP). Bombardier had already sold in 2018 a majority stake in its C Series jetliner to the world’s largest airliner manufacturer, which rebranded it the A220.
