Bombardier to sell up to 30 CSeries

The deal has a potential value of US$2 billion

December 20, 2012

TORONTO—Bombardier Aerospace said that it has a letter of intent with an unnamed airline that wants to buy up to 30 of its CSeries planes that could be valued at as much as US$2.08 billion based on list prices. The airline, which wants its identity to remain confidential but is located in the Americas, would buy an initial 12 of the 100- to 149-seat planes with an option to acquire an additional 18.

“We are thrilled with the worldwide momentum of interest being shown for the CSeries aircraft program and we are pleased that customers in both our traditional aviation markets and growth markets are exploring opportunities and centring business cases around the use of the CSeries jetliners,” said Mike Arcamone, president at Bombardier Commercial Aircraft. “As the CS100 aircraft readies for a milestone year of firsts, we look forward to welcoming yet another customer to the CSeries aircraft family. This customer selected the CS100 jetliners based on the flexibility and superior operational efficiencies offered only by the CSeries aircraft family.”

As of September 30, Bombardier had booked orders and commitments for 352 CSeries aircraft that include firm orders for 138 CSeries airliners from 14 customers. Bombardier recently delayed the entry into service of the smaller CSeries aircraft to June 2014, followed by the larger CS300 by December 2014. The company said the wings for the first CSeries flight test vehicle are being joined to the fuselage at the company’s final assembly plant in Mirabel, Quebec, after having arrived from Bombardier Aerospace Belfast. It said assembly was progressing smoothly ahead of the first flight scheduled for the end of June.