DGAP-Adhoc: Airbus SE: Airbus, Bombardier and Investissement Québec agree C Series Partnership closing effective July 1, 2018

DGAP-Ad-hoc: Airbus SE / Key word(s): Miscellaneous 
Airbus, Bombardier and Investissement Québec agree C Series Partnership 
closing effective July 1, 2018 
 
08-Jun-2018 / 07:45 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Ad-hoc release, June 8, 2018* 
 
*Airbus, Bombardier and Investissement Québec agree C Series Partnership 
closing effective July 1, 2018* 
 
*- *Airbus to acquire majority stake in the C Series Aircraft Limited 
Partnership, effective July 1, 2018 
 
- All regulatory approvals required for the closing of the transaction have 
been obtained 
 
- Partnership head office, leadership team and primary final assembly line 
located in Mirabel, Québec (representing some 2,200 employees and 
subcontractors), with the support of the C Series global supply chain 
 
- Partnership brings together two complementary product lines, with 100-150 
seat market segment projected to represent 6,000 new aircraft over the next 
20 years 
 
- Addition of Airbus' global reach to create significant value for C Series' 
customers, suppliers, employees, shareholders and communities 
 
- Significant C Series production efficiencies anticipated by leveraging 
Airbus' production ramp-up expertise 
 
- Growing market for C Series to support second Final Assembly Line in 
Alabama, serving U.S. customers 
 
Having received all required regulatory approvals, Airbus SE (EPA: AIR), 
Bombardier Inc. (TSX: BBD.B) and Investissement Québec (IQ) have agreed to 
close the C Series transaction effective on July 1, 2018. The transaction by 
which Airbus will acquire a majority stake in the C Series Aircraft Limited 
Partnership (CSALP) was initially announced in October 2017. The 
Mirabel-based partnership, which was originally established between 
Bombardier and IQ, will benefit from Airbus' global reach, scale, 
procurement organization and expertise in selling, marketing and producing 
the C Series - a state-of-the-art jet aircraft family in the 100-150 seat 
market. 
 
Airbus will work with its partners Bombardier and IQ to fully unlock the C 
Series' potential and create significant new value for customers, suppliers, 
employees, shareholders and the communities in which the partnership 
operates. The partnership's head office, primary assembly line and related 
functions will be based in Mirabel, Québec. 
As previously announced, Bombardier will continue with its current funding 
plan of CSALP. Due to the early closing of the partnership, the terms of 
this plan are updated according to the following schedule: Bombardier will 
fund the cash shortfalls of CSALP, if required, during the second half of 
2018, up to a maximum of US$225 million; during 2019, up to a maximum of 
US$350 million; and up to a maximum aggregate amount of US$350 million over 
the following two years, in consideration for non-voting participating 
shares of CSALP with cumulative annual dividends of 2%. Any excess shortfall 
during such periods will be shared proportionately amongst CSALP's Class A 
shareholders. Airbus will consolidate CSALP effective from July 1, 2018 
onwards. Further financial information on the transaction will be provided 
later this year. 
 
The C Series program continues to ramp up. Having delivered 17 aircraft in 
2017, it is gearing up to double its deliveries in 2018. 
 
With the C Series' demonstrated in-service performance and the finalization 
of this partnership, the parties expect increased demand to support a second 
C Series Final Assembly Line in Mobile, Alabama, dedicated to supplying 
U.S.-based customers. The C Series is positioned to capture a large 
percentage of the estimated 6,000 aircraft needed in this market segment 
over the next 20 years. 
 
Airbus Chief Executive Officer Tom Enders said: "This partnership extends 
our commitment to Québec and to all of Canadian aerospace, and we are very 
glad to welcome so many C Series teammates into the extended Team Airbus. 
The strength of the entire Airbus organization will be behind the C Series. 
Not only will that enable this outstanding aircraft to fulfill its market 
potential, but we are convinced the addition of the C Series to our overall 
aircraft product offering brings significant value to Airbus, our customers 
and shareholders." 
 
"This marks the beginning of a very exciting new chapter for the C Series 
and the Canadian Aerospace industry," said Alain Bellemare, Bombardier 
President and Chief Executive Officer. "The C Series is widely recognized as 
the most advanced and efficient aircraft in its class and this partnership 
will ensure its commercial success. Airbus' unmatched global scale, strong 
customer relationships and operational expertise are necessary ingredients 
for unleashing the full value of the aircraft. Together, we will create 
tremendous new value and opportunities for airlines, suppliers, shareholders 
and employees." 
 
"By combining the world's most innovative and efficient aerospace technology 
- designed and engineered in Québec - with Airbus' market and expertise, we 
are creating a brand new dynamic in a promising segment," noted Québec's 
Deputy Premier, Minister of Economy, Science and Innovation and Minister 
responsible for the Digital Strategy Dominique Anglade. "Above all, we are 
ensuring the growth of the C Series and securing the more than 2,000 jobs 
attached to it in Mirabel. In addition to maintaining the C Series' head 
office, engineering and R&D activities in Québec, this partnership positions 
Montréal as Airbus' largest research and development centre outside Europe, 
representing tremendous opportunities for our entire aerospace industry." 
 
"The C Series team in Québec is proud to participate in this opportunity to 
drive the success of this amazing aircraft," said Philippe Balducchi, CEO of 
the C Series partnership. "Our teams have worked tirelessly to merge 
cultures and bring operations together well ahead of schedule and are 
confident in our ability to make this win-win partnership a thriving 
commercial success. The composition of the C Series leadership team reflects 
our principles of bringing together the best talent that both sides have to 
offer. We are ready to turn outward and help our customers get their hands 
on the hottest aircraft in its segment." 
 
* * * 
 
*About Bombardier* 
With over 69,500 employees across four business segments, Bombardier is a 
global leader in the transportation industry, creating innovative and 
game-changing planes and trains. Our products and services provide 
world-class transportation experiences that set new standards in passenger 
comfort, energy efficiency, reliability and safety. 
Headquartered in Montreal, Canada, Bombardier has production and engineering 
sites in 28 countries across the segments of Transportation, Business 
Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. 
Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the 
fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 
billion US. News and information are available at bombardier.com [1] or 
follow us on Twitter @Bombardier [2]. 
 
*About Airbus* 
Airbus is a global leader in aeronautics, space and related services. In 
2017 it generated revenues of EUR 59 billion restated for IFRS 15 and 
employed a workforce of around 129,000. Airbus offers the most comprehensive 
range of passenger airliners from 100 to more than 600 seats. Airbus is also 
a European leader providing tanker, combat, transport and mission aircraft, 
as well as one of the world's leading space companies. In helicopters, 
Airbus provides the most efficient civil and military rotorcraft solutions 
worldwide. 
 
*Contacts for the media* 
 
*Airbus* 
Marcella Cortellazzi (Canada) + 34 607 604 215 
[e-mail] 
Clay McConnell (USA) [phone] [e-mail] 
Matthieu Duvelleroy [phone] [e-mail] 
Martin Agüera [phone] [e-mail] [3] 
Sean Lee (Asia-Pacific) [phone] [e-mail] 
 
*Bombardier* 
Simon Letendre [phone] [e-mail] 
 
*FORWARD-LOOKING STATEMENTS* 
 
This press release includes forward-looking statements, which may involve, 
but are not limited to: statements with respect to our objectives, guidance, 
targets, goals, priorities, market and strategies, financial position, 
beliefs, prospects, plans, expectations, anticipations, estimates and 
intentions; general economic and business outlook, prospects and trends of 
an industry; expected growth in demand for products and services; product 
development, including projected design, characteristics, capacity or 
performance; expected or scheduled entry-into-service of products and 
services, orders, deliveries, testing, lead times, certifications and 
project execution in general; competitive position; the expected impact of 
the legislative and regulatory environment and legal proceedings on our 
business and operations; available liquidities and ongoing review of 
strategic and financial alternatives the impact and expected benefits of the 
transaction with Airbus described herein, on our operations, infrastructure, 
capabilities, development, growth and other opportunities, geographic reach, 
scale, footprint, financial condition, access to capital and overall 
strategy; and the impact of such transaction on our balance sheet and 
liquidity position. 
 
Forward-looking statements can generally be identified by the use of 
forward-looking terminology such as "may", "will", "shall", "can", "expect", 
"estimate", "intend", "anticipate", "plan", "foresee", "believe", 
"continue", "maintain" or "align", the negative of these terms, variations 
of them or similar terminology. Forward-looking statements are presented for 
the purpose of assisting investors and others in understanding certain key 
elements of our current objectives, strategic priorities, expectations and 
plans, and in obtaining a better understanding of our business and 
anticipated operating environment. Readers are cautioned that such 
information may not be appropriate for other purposes. 
 
By their nature, forward-looking statements require management to make 
assumptions and are subject to important known and unknown risks and 
uncertainties, which may cause our actual results in future periods to 
differ materially from forecast results set forth in forward-looking 
statements. While management considers these assumptions to be reasonable 
and appropriate based on information currently available, there is risk that 
they may not be accurate. The assumptions underlying the forward-looking 
statements made in this press release in relation to the transaction with 
Airbus discussed herein include the following material assumptions; the 
fulfillment and performance by each party of its obligations pursuant to the 
transaction agreement and future commercial agreements and absence of 
significant inefficiencies and other issues in connection therewith; the 
realization of the anticipated benefits and synergies of the transaction in 
the timeframe anticipated; our ability to continue with our current funding 
plan of CSALP and to fund, if required, any cash shortfalls; adequacy of 
cash planning and management and project funding; and the accuracy of our 
assessment of anticipated growth drivers and sector trends. For additional 
information with respect to the assumptions underlying the forward-looking 
statements made in this press release, refer to the Strategic Priorities and 
Guidance and forward-looking statements sections in Overview, Business 
Aircraft, Commercial Aircraft, Aerostructures and Engineering Services and 
Transportation in the MD&A of our financial report for the fiscal year ended 
December 31, 2017. 
 
With respect to the transaction with Airbus discussed herein specifically, 
certain factors that could cause actual results to differ materially from 
those anticipated in the forward-looking statements include, but are not 
limited to, the failure by either party to satisfy and perform its 
obligations pursuant to the transaction agreement and future commercial 
agreements and/or significant inefficiencies and other issues arising in 
connection therewith; the impact of the announcement of the transaction on 
our relationships with third parties, including commercial counterparties, 
employees and competitors, strategic relationships, operating results and 
businesses generally; the failure to realize, in the timeframe anticipated 
or at all, the anticipated benefits and synergies of the transaction; our 
ability to continue with our current funding plan of CSALP and to fund, if 
required, the cash shortfalls; inadequacy of cash planning and management 
and project funding. Certain other factors that could cause actual results 
to differ materially from those anticipated in the forward-looking 
statements include, but are not limited to, risks associated with general 
economic conditions, risks associated with our business environment (such as 
risks associated with "Brexit", the financial condition of the airline 
industry, business aircraft customers, and the rail industry; trade policy 
(including potential changes to or the termination of the existing North 
American Free Trade Agreement between Canada, the U.S. and Mexico currently 
in discussion); increased competition; political instability and force 
majeure events or natural disasters), operational risks (such as risks 
related to developing new products and services; development of new 
business; the certification and homologation of products and services; 
fixed-price and fixed-term commitments and production and project execution; 
pressures on cash flows and capital expenditures based on project-cycle 
fluctuations and seasonality; our ability to successfully implement and 
execute our strategy and transformation plan; doing business with partners; 
product performance warranty and casualty claim losses; regulatory and legal 
proceedings; environmental, health and safety risks; dependence on certain 
customers and suppliers; human resources; reliance on information systems; 
reliance on and protection of intellectual property rights; and adequacy of 
insurance coverage), financing risks (such as risks related to liquidity and 
access to capital markets; retirement benefit plan risk; exposure to credit 
risk; substantial existing debt and interest payment requirements; certain 
restrictive debt covenants and minimum cash levels; financing support 
provided for the benefit of certain customers; and reliance on government 
support), market risks (such as risks related to foreign currency 
fluctuations; changing interest rates; decreases in residual values; 
increases in commodity prices; and inflation rate fluctuations). For more 
details, see the Risks and uncertainties section in Other in the MD&A of our 
financial report for the fiscal year ended December 31, 2017. 
 
Readers are cautioned that the foregoing list of factors that may affect 
future growth, results and performance is not exhaustive and undue reliance 
should not be placed on forward-looking statements. Other risks and 
uncertainties not presently known to us or that we presently believe are not 
material could also cause actual results or events to differ materially from 
those expressed or implied in our forward-looking statements. In addition, 
there can be no assurance that the anticipated strategic benefits and 
operational, competitive and cost synergies of the transaction with Airbus 
will be realized in their entirety, in part or at all. The forward-looking 
statements set forth herein reflect management's expectations as at the date 
of this report and are subject to change after such date. Unless otherwise 
required by applicable securities laws, we expressly disclaim any intention, 
and assume no obligation to update or revise any forward-looking statements, 
whether as a result of new information, future events or otherwise. The 
forward-looking statements contained in this press release are expressly 
qualified by this cautionary statement. 
 
08-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  Airbus SE 
          P.O. Box 32008 
          2303 DA Leiden 
          Netherlands 
Phone:    [phone] 
Fax:      [phone] - 26481 
Internet: www.airbusgroup.com 
ISIN:     NL0000235190 
WKN:      938914 
Indices:  MDAX 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, 
          Stuttgart, Tradegate Exchange 
 
End of Announcement DGAP News Service 
 
693653 08-Jun-2018 CET/CEST 
 
 
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June 08, 2018 01:45 ET (05:45 GMT)