Bombardier wins 15 CSeries order
Source: Bloomberg News |
July 9, 2012, Monday
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Print Edition
Print Edition
CANADA'S Bombardier Inc said it won a conditional order worth US$1.02 billion for 15 CSeries jets, its first entry in the narrow-body airliner market dominated by Boeing Co and Airbus SAS.
The buyer wishes to remain unidentified, Bombardier said yesterday in a statement on the eve of the Farnborough air show outside London, the aerospace industry's highest-profile trade event. The deal is for five of the CS100 model and 10 of the CS300 planes, Montreal-based Bombardier said.
Winning the deal is a boost for Bombardier in its bid to crack the Airbus-Boeing duopoly on single-aisle jet sales to airlines. The company had 138 orders heading into the air show as it struggled to carve out a market for a new model able to seat 100 to 149 people.
"We are thrilled to welcome the 12th CSeries aircraft customer to the program," Mike Arcamone, the president of Bombardier's commercial aircraft division, said in the statement.
The company gave no timetable for when the buyer might be identified. The value of the order was based on list prices, Bombardier said. Airlines typically buy at a discount.
Bombardier's biggest CSeries order so far is from Republic Airways Holdings Inc, which agreed to buy 40 of them in 2011. With other carriers taking only a few CSeries jets so far, Bombardier has said its focus is on finding as many buyers as possible.
While Bombardier has planned to have the CSeries airborne in late 2012 and in commercial service by the end of next year, the firm's aerospace chief, Guy Hachey, said on Saturday the timeline for the maiden flight was at risk because of woes with the jet's flight controls.
The buyer wishes to remain unidentified, Bombardier said yesterday in a statement on the eve of the Farnborough air show outside London, the aerospace industry's highest-profile trade event. The deal is for five of the CS100 model and 10 of the CS300 planes, Montreal-based Bombardier said.
Winning the deal is a boost for Bombardier in its bid to crack the Airbus-Boeing duopoly on single-aisle jet sales to airlines. The company had 138 orders heading into the air show as it struggled to carve out a market for a new model able to seat 100 to 149 people.
"We are thrilled to welcome the 12th CSeries aircraft customer to the program," Mike Arcamone, the president of Bombardier's commercial aircraft division, said in the statement.
The company gave no timetable for when the buyer might be identified. The value of the order was based on list prices, Bombardier said. Airlines typically buy at a discount.
Bombardier's biggest CSeries order so far is from Republic Airways Holdings Inc, which agreed to buy 40 of them in 2011. With other carriers taking only a few CSeries jets so far, Bombardier has said its focus is on finding as many buyers as possible.
While Bombardier has planned to have the CSeries airborne in late 2012 and in commercial service by the end of next year, the firm's aerospace chief, Guy Hachey, said on Saturday the timeline for the maiden flight was at risk because of woes with the jet's flight controls.
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