Sunday, July 06, 2008    Weather: weather icon Hi: 17°C / Lw: 13°C

Business news


World will 'demand more jets'

Monday, May 12, 2008

Bombardier Aerospace, which owns Shorts in Belfast, has signifcantly ramped up its long-term forecast of global demand for business jets and for aircraft that can carry between 20 and 149 passengers.

The Canadian company, which at last week's US:NI investment conference unveiled a £70m investment in Shorts, gave the update during a briefing in Belfast.

The funding, for the CRJ1000 programme, is a major boost for Shorts and will underpin 1,000 of the 5,000 jobs at the company.

Bombardier, the world's third-largest aircraft maker, expects the industry to deliver 1,320 business jets annually until 2017.

Meanwhile, Bombardier is expected to decide by the end of this year whether it will launch the $3.2bn development programme for its proposed C-Series jet, which would seat 110-135 passengers.

The planemaker is inviting advance orders and a launch customer for the C-Series, which if approved, would begin service in 2013 and take the Canadian company into the mainline airline jet industry.

Shorts has made a pitch to produce key components for C-Series but the rising value of sterling against the dollar has raised concerns that the work may go elsewhere.

Don't Miss . . .

Most deadly roads

Revealed: Ulster's most dangerous roads

McGuinness in Iraq

Deputy First Minister in Baghdad for peace mission

Pregnant man

Thomas Beattie gives birth to healthy baby girl

Rumours of war

Iran warns: attack us and we'll strike you back

In Pictures:
Miss Universe

Swimsuit photo shoot in buildup to Vietnam final

In Pictures: Wimbledon

Federer and Nadal set for Centre court final

In Pictures:
Graduations

Mandela honoured with the class of 2008

In Pictures: Fan zone

Supporters that made Euro 2008 one to remember

In Pictures:
Euro 2008 WAGs

Fashion of the wives throughout the tournament

In Pictures: Kylie

Pop princess Minogue wows fans at Odyssey gig

Win £3,000

Try your luck in our GAA 'pick the score' competition

Ulster Grand Prix

Looking forward to the famous biking event


Video

Video: Titanic town

Ship's Belfast beginnings celebrated in exhibition

BT Woman of the Year

Applauding Ulster's most exceptional women

Omagh blaze tragedy

Special report on Northern Ireland's worst house fire

Belfast Telegraph
Property Awards

Celebrating excellence at the inaugural awards gala

Best view in town

Special multimedia report on Belfast Wheel