Bombardier gives up jetliner ambitions for luxury planes, trains

Montreal

BY relinquishing control of its CSeries jets to long-time rival Airbus, Bombardier is scaling back its ambitions to build jetliners for the world's airlines. The deal marks a step away from what had been touted as the crown jewel of Canada's biggest aerospace company before it was tarnished by cost-overruns and trade disputes.

With the future of the CSeries now up to Airbus, the Montreal-based manufacturer is likely to sharpen its focus on private jets and trains - two businesses with higher margins.