Large CSeries order builds momentum for Bombardier

Dublin-based Macquarie AirFinance, a lessor of aircraft to international airlines, has signed a firm purchase agreement for forty Bombardier CS300 jets, Bombardier Commercial Aircraft announced today. Macquarie has taken options for an additional ten of the aircraft. Delivery is to begin in 2017, with final deliveries in 2019. The aircraft will be leased to Macquarie’s client airline operators. The order is estimated to be worth about $3 billion.

Bombardier Commercial Aircraft president Mike Arcamone called the order a “strong endorsement” of the CS300, and said that the company anticipates momentum to build for sales of the “100 per cent new” jetliner. The Macquarie order raises the total of firm purchase orders to 243. Bombardier has said it intends to have 300 firm orders by the time the CSeries enters service, now expected to be later in 2015.

Bombardier-CSeries-CS300-Macquarie-AirFinance-jetliner-lessor-airlines-flight-test-

Bombardier VP of sales, Ray Jones, said the CSeries is “tailor-made” for operators like Macquarie. A Macquarie spokesman said that the Bombardier CS300 was the only type of aircraft “optimized for the upper end of the 100– to 150-seat market.”

Bombardier claims that the CSeries offers a 15 per cent cash operating cost advantage, and a 20 per cent fuel burn advantage, as well as an “unmatched” environmental and noise footprint. However, flight testing of the aircraft has been delayed several times due to problems that have included engine failure in a ground test last May. Flight tests resumed in early September. To date, according to Bombardier vice-president for the CSeries, Rob Dewar, the aircraft has undergone 370 hours of flight testing, out of a planned 2,400 hours.

An analyst at Desjardins Securities wrote that “certain customers” may be waiting for guaranteed performance levels before committing to purchasing CSeries planes.

Did you miss this?

Other Popular Stories

  • Canada's wholesale sales rose 0.7 per cent in June, to $56.4 billion
  • For some car makers March was best ever
  • Drilling rigs growth depends more and more on LNG
  • Nissan sales surpass 100,000 for first time in Canada
  • Wood-based battery the next energy storage solution?
  • Autos and parts drag down manufacturing sales in August
  • Scientists Use Machine Learning to Automate Atomic-Scale Manufacturing
  • Manufacturing recovers ground in January: GDP up 0.2 per cent
  • January manufacturing sales best ever: Statistics Canada
  • Audi Recall Announced Due to Emissions
  • Successful SpaceX human flight transport launch test of Dragon crew capsule, Elon Musk elated but "emotionally exhausted"
  • Infrastructure Ontario seeks proposals for Highway 427 expansion
  • Pipelines safer than rail or truck for oil: report
  • Elon Musk's Hyperloop vision racing ahead of naysayers and regulators — Boring Company receives permission to tunnel 10 miles; early tests of tube successful
  • Construction giant to revolutionize industry with 3D concrete printing
  • Solar will surpass oil production and attract over $1 billion a day in investments according to IEA: forecast
  • Aerospace in Ontario: More than 200 aerospace companies, 21,000 skilled employees and half of the top 25 global firms
  • SpaceX’s Falcon 9 Ripped Hole in Ionosphere During 2017 Launch
  • International Trade Commission Hands Down Verdict in Bombardier versus Boeing Dispute
  • FirstEnergy of Calgary to host ninth London Global Energy Conference
Scroll to Top