Bombardier makes push for Chinese CSeries orders with breakthrough deal
MONTREAL - Bombardier's push to sell CSeries in the large Chinese market received a boost after the Canadian manufacturer signed an agreement to develop commonalities with China's larger C919.
COMAC and Montreal-based Bombardier (TSX:BBD.B) will work on four projects during the first phase of a long-term collaboration.
The initiatives to be completed over the next 12 months involve the cockpit, electrical system, aluminum-lithium specifications, publications and co-location of customer service teams.
...Bombardier's quest to sell into China means that it has little choice but to transfer some of its technology to China, added Karl Moore, a professor at McGill University's Desautels Faculty of Management.
"Are we helping to build our future competitors, absolutely. But if we're not involved in that game the Americans and the Europeans will continue to do it," he said.
Read full article: Canadian Business, March 21, 2012