Belfast Telegraph

Bombardier announces new $5bn deal for C Series

By Margaret Canning

Aerospace giant Bombardier, which employs around 4,000 people here, has announced a deal of a potential $5bn for up to 61 of its C Series planes, the wings of which are made in Belfast.

Last month Bombardier announced a tie-in with rival Airbus for production of the jets.

It confirmed today that a European customer had signed a letter of intent for up to 61 C Series including 31 firm aircraft and options for an additional 30 aircraft.

The firm order is worth $2.4bn while the full order is worth $4.8bn if all options are exercised. It comes as the Canadian-owned firm revealed full-year earnings would be around $630m in its third-quarter results.

President and chief executive Alain Bellemare said the results highlighted “continued progress transforming the company”. Last week the company confirmed another 280 job losses in Northern Ireland.

DUP MP Gavin Robinson welcomes the letter of intent from a European customer.

The east Belfast representative said: "With 31 firm orders and options for a further 30 jets this could mean and order valued up to $4.8billion for Bombardier if all 30 options are exercised.

"It is a welcome piece of news for the company as a while and obviously for the Belfast plant.

"The timing is too significant and is a vote of confidence in the joint venture between Bombardier and Airbus."

The DUP MP added: "I hope this might be the first of many new orders for this ground-breaking aircraft."

Belfast Telegraph Digital

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