October 17, 2017 / 2:04 PM / a year ago

BUZZ-Bombardier: Best day in 1-1/2 yrs on game changing Airbus deal

** Canadian plans and train maker’s shares up ~22 pct at C$2.88, easing after hitting near 3-yr high of C$2.97

** Airbus to take 50.01 pct stake in Bombardier’s CSeries jetliner program, a deal that could allow the Canadian planemaker to sidestep U.S. tariffs threatened in a trade dispute with Boeing

** BBD top stock and pct gainer on S&P/TSX composite index , and set for its best one-day pct gain since Feb 2016

** Raymond James’ Steve Hansen calls deal a “pivotal milestone” which will boost BBD’s commercial business, cut production costs and sidestep trade uncertainty with U.S.

** Deal also reduces co’s execution risk and speeds up its turnaround plan, Hansen writes in a client note

** Assembly of aircrafts in U.S. could resolve trade issue - Bombardier CEO says at a conference on Tuesday

** French airliner Airbus shares up ~4 pct

** Boeing, which is in a trade spat with BBD, calls agreement a “questionable deal”; stock down ~1 pct (Reporting by Yashaswini Swamynathan in Bengaluru)

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