By Jacquie McNish and Benjamin Katz

Airbus SE is in advanced talks to acquire Bombardier Inc.'s remaining stake in the two companies' joint A220 commercial jetliner program, according to people familiar with the matter.

A deal for Bombardier's 34% stake could be reached as early as next week, ahead of both companies' earnings reports, the people said. The Quebec government, which holds a 16% stake in the program, is likely to retain that holding, according to one of these people.

Financial terms of the planned stake sale couldn't be learned. While in an advanced stage, talks could still fall apart, or the contours of the potential deal could change significantly.

Write to Jacquie McNish at Jacquie.McNish@wsj.com and Benjamin Katz at ben.katz@wsj.com

(END) Dow Jones Newswires

February 07, 2020 15:02 ET (20:02 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Bombardier (QX) (USOTC:BDRBF)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Bombardier (QX) Charts.
Bombardier (QX) (USOTC:BDRBF)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Bombardier (QX) Charts.