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Airbus shares rally after company`s Bombardier CSeries deal

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FILE PHOTO: The logo of Airbus Group is seen on the company’s headquarters building in Toulouse, Southwestern France, April 18, 2017. REUTERS/Regis Duvignau/File Photo

Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier’s CSeries jetliner program.

PARIS (Reuters) – Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier&rsquo-s CSeries jetliner program.

Airbus shares were up 2.4 percent at 78.92 euros in early trading, close to a record high of 82.25 euros reached earlier this month.

The shares, up by around 25 percent this year, led gainers on France&rsquo-s benchmark CAC-40 index which was up 0.2 percent.

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