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Bombardier: deal with Lufthansa and Execujet Aviation

( - Bombardier announced on Tuesday that it has entered into share purchase agreements with Lufthansa Technik and ExecuJet Aviation Group.

These agreements enable the acquisition of all issued and outstanding shares of Lufthansa Bombardier Aviation Services (LBAS) that Bombardier does not already own.

This transaction enables Bombardier to prepare to further expand its global customer support footprint by establishing a wholly-owned service centre in Berlin.

Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Aviation, said, "This investment is critical to the expansion of our service footprint in Europe and around the world, and as the service centre is set to become a wholly-owned Bombardier service centre, our customers will benefit from even more advantages and expertise offered by the OEM".

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