Bombardier surges on Airbus deal

Shares in Bombardier surged after the company ceded control of its slow-selling C Series jet programme to Airbus.

The deal improves the chances that the all-new single-aisle aircraft will catch on with airlines worldwide, backed by Airbus’s marketing muscle.

Bombardier hasn’t landed a major order since April 2016 and the plane absorbed a new blow in recent weeks when the US commerce department slapped it with 300% tariffs after a complaint by Boeing.