Lofty ambitions

Airbus has sealed its control of Bombardier’s C Series, ushering in a new era for a plane with cutting-edge technology but a spotty sales record.

The European plane maker will hold a majority stake in the partnership, with the deal set to close and take effect on July 1.

Airbus’s takeover of the C Series sharpens a clash with Boeing for dominance in the lucrative market for single-aisle jetliners.

Bombardier CEO Alain Bellemare expects C Series sales to accelerate because of Airbus’s marketing reach, and costs to drop thanks to the plane maker’s clout with suppliers