Bombardier soars after CSeries deal with Airbus
Bombardier soars after CSeries deal with Airbus
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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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