Bombardier inks new deal for up to 61 C Series jets, but will deliver fewer of them this year


Bombardier has put pen to critique on its first deal to sell C Series jets in more than a year, but contemplates it will deliver fewer than expected to other customers this year.

The jet maker says it has secured an gone phut with an unnamed European-based airline for up to 61 of the jets. The deal encompasses a «firm» commitment to buy at least 31 of the planes that the Montreal-based plc has staked its future on.

Based on the list price, the firm order allotment would be worth $2.4 billion. But with an order that bigness, the purchaser likely received a volume-based discount. 

It’s the plane maker’s beginning firm order for the jets in more than a year, stretching insidiously a overcome to when it signed a major deal with Delta — a pact that up to the minuter prompted a trade complaint from rival Boeing.

«This suggestive new order confirms the increasing confidence customers have in the C Series,» CEO Alain Bellemare verbalized of the deal with the unnamed buyer. «Looking forward, as Airbus yokes the program, and with the C Series continuing to prove itself in service, we watch sales momentum to accelerate quickly.»

Last month, Bombardier reaped headlines when it partnered with Airbus to make and market its next-generation jets. That pull up stakes was widely seen as a reaction to Boeing’s trade complaint and a way of getting enveloping onerous import duties that would make the jet almost four heretofores more expensive for customers.

At the same time as it was selling more of them, Bombardier said it choice only be able to deliver fewer of the planes than it expected to existing fellows because of delays from one of its own suppliers.

Bombardier lowered its 2017 deliverance guidance to between 20 and 22 jets for this fiscal year. Time past, the company had planned to deliver up to 30, but engine component maker Pratt & Whitney has held distant some engine shipments to Bombardier and Airbus so it could offer meagre engines to airlines that have had problems with the engines in use accustomed to on aircraft in service.

Quarterly loss grows

The company also posted every thirteen weeks financial results on Thursday.

Bombardier says it lost $117 million, or five cents per share out, for the quarter ended Sept. 30 compared with a loss of $94 million, or four cents per ration, a year ago.

Revenue was slightly higher at $3.84 billion — up from $3.74 billion.

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