Montréal and Québec City advise Bombardier Inc. on the sale of its remaining interest in Airbus Canada Limited Partnership and A220 and A330 work packages for US$591m

Our Montréal and Québec City offices advised Bombardier Inc. in the disposition of its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec, as well as the disposition of work packages for the A220 and A330 to Stelia Aerospace, a subsidiary of Airbus for total proceedings of US$591m.
 
The transaction closed on February 12, 2020 and signals Bombardier Inc.’s strategic exit from commercial aerospace. Airbus holds a majority stake in Airbus Canada, with the Government of Quebec holding a minority stake at 25 percent.
 
The team was led by Nicolas Labrecque and included Peter Riddell, Kenza Bensaid, Carl Boulva, Dan Ton-That, Peter Wiazowski, Jules Charette, Jean-Nicolas Prévost, Nikita Stepin, Patrick Galizia, Sébastien Beauregard and Mélissa Devost.