Bombardier, Comac Sign Partnership Deal

 - March 24, 2011, 11:10 AM

The Commercial Aircraft Corporation of China (Comac) and Canada’s Bombardier today signed a so-called framework agreement to establish long-term strategic cooperation on commercial aircraft. The collaboration “will leverage the synergies and strengths of both companies to develop mutually beneficial projects,” said Bombardier in a statement.

The companies expect the agreement to build on the potential complementary nature of their products and respective expertise, including exploring collaboration in their marketing, customer relationship and support strategies to help each other increase overall market share in emerging and mature markets.

Both parties will evaluate possibilities for cooperation regarding commonalities between the Comac C919 and the Bombardier C Series, joint procurement and collaboration on future Bombardier and Comac product lines. “Comac is pleased to work closely with Bombardier to efficiently identify areas of mutual collaboration and explore future endeavors,” said Mr. Zhang, chairman of Comac. “Both our companies have specific strengths that, when combined, will enhance the competitiveness of our respective aircraft programs and businesses as a whole.”

“This agreement represents another important step in the strengthening of our relationship,” added Bombardier president and CEO Pierre Beaudoin. “We believe that this collaboration will generate positive results for both the C919 and C Series aircraft programs. It also opens the door to further cooperation on any other projects that would be mutually beneficial.”