Bombardier Inc. completed the disposition of its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Quebec, as well as the disposition of work packages for the A220 and A330 to Stelia Aerospace, a subsidiary of Airbus, for a total transaction value of US$591million.
The transaction closed on Feb. 12 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 per cent.
Norton Rose Fulbright Canada LLP acted for Bombardier Inc. with a team which included Nicolas Labrecque, Peter Riddell, Kenza Bensaid, Carl Boulva, Dan Ton-That, Pete Wiazowski, Jules Charette, Jean-Nicolas Prévost, Nikita Stepin, Patrick Galizia, Sébastien Beauregard and Mélissa Devost.
Airbus SE was represented by Stikeman Elliott LLP and Freshfields Bruckhaus Deringer LLP.
Stikeman Elliott’s team included Sophie Lamonde, Michael Ball, Olivier Godbout, Dominique Rolland (corporate), Eveline Poirier, Pierre-Luc Benoit, Jeremy Perron (employment), Larry Cobb (environmental), Stefan Fews (real estate), Nathaniel Lacasse, Éric Lévesque (tax), Michael Laskey, Gideon Kwinter, Jessica Rutledge (regulatory) and Michel Legendre (pensions).
Freshfields Bruckhaus Deringer’s team included Torsten Schreier, Mena Kaplan, Philipp Dohnke, Stefan Bajohr, Max Sanders and Marius Stein.