(RTTNews) - Airbus is in advanced talks to acquire Bombardier Inc.'s remaining stake in the A220 passenger jet program, according to reports citing people familiar with the matter.
A deal for the sale of Bombardier's 34% stake in the two companies' joint A220 commercial jet program could be reached as early as next week, ahead of both companies' earnings reports.
The terms of a potential deal that would mark Bombardier's exit from commercial aviation were unclear, the reports said.
Quebec, which owns 16 per cent of the program, would retain its stake.
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