{{ currentBoardShortName }}
  • Markets
  • Indices
  • Currencies
  • Energy
  • Metals
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • Currencies
  • Energy
  • Metals
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Mar 6, 2018

​Airbus wants to make CSeries profitable by lowering supplier prices

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

TOULOUSE, France -- Airbus intends to pressure suppliers for Bombardier's CSeries jets to lower their prices in an effort to make its new partnership with the Quebec aircraft manufacturer profitable.

Airbus executive Klaus Richter made the comment today alongside Quebec Premier Philippe Couillard.

It came after Couillard, on an official trip to France, toured the facilities of the European aerospace giant in Toulouse.

Richter says Airbus took a gamble by taking over the C Series, which is currently not profitable.

He says Airbus will try to sell the planes first and then rework the costs with suppliers, because currently there is a gap between production cost and sale price.

Richter says the company intends to focus on volume to successfully reduce supplier prices and will hold its next major international gathering of suppliers in October in Montreal.

The European conglomerate is working to finalize its partnership with Bombardier and the Quebec government to produce the C Series aircraft.

Under the terms of the deal announced last fall, Airbus will hold 50.01 per cent of the new partnership.

Bombardier will retain 31 per cent while the Quebec government will hold 19 per cent.