Bombardier, Airbus name leaders of new CSeries partnership: memo

Reuters

Published May 02, 2018 17:42

Bombardier, Airbus name leaders of new CSeries partnership: memo

By Allison Lampert and Tim Hepher

MONTREAL/PARIS (Reuters) - Bombardier (TO:BBDb) and Airbus (PA:AIR) named the top leaders for the CSeries programme, in a further step towards finalising a deal in which the European planemaker will take control of the Canadian jetliner, according to a memo to staff on Wednesday that was seen by Reuters.

Philippe Balducchi, head of performance management for Airbus Commercial Aircraft and a former head of investor relations, will be CEO of the 12-member team that includes six executives from each planemaker, according to the memo to staff signed by chief executives from both companies.

David Dufrenois, who will lead sales for the CSeries, now heads the A380 platform and is seen as a seasoned troubleshooter who led efforts to stabilise sales of the superjumbo jet and handled key accounts such as Qatar Airways, one of the industry's most demanding buyers.

The companies have set an internal target of closing the deal, which gives Airbus a majority stake in the CSeries, by the end of May.

The companies could not immediately be reached for comment.

In a separate memo, Bombardier CEO Alain Bellemare said the company's Commercial Aircraft President Fred Cromer will continue to lead its regional aircraft business after the partnership deal closes.