Fitch said Airbus's agreement "to..........>

US BONDS: Fitch said Airbus's agreement "to acquire a slightly more than 50%

stake in Bombardier's (BBD) C Series aircraft program is a high-profile

development, which could be beneficial for BBD's credit profile. The deal could

have additional implications throughout the aviation sector."

- It added that "in some respects the deal resembles a cashless takeover of the

program. Airbus gains its stake in return for agreements related to procurement,

marketing,and customer support. Airbus will control the board and name the

chairman of the new entity. The transaction illustrates Bombardier's

('B'/Negative) difficulties in winning C Series orders, pressures on cash flows

and trade pressures from the United States and Brazil. At the same time, Airbus'

agreement highlights that the C Series is a high-quality aircraft with very

positive operational reports from initial customers."