Bombardier gets £2bn order boost
Aircraft manufacturer Bombardier Aerospace has secured a $3bn (£2bn) order for its CS300 planes from an American airline.
Indianapolis-based airline Republic Airways Holdings signed a purchase agreement for 40 of the jets, which have their composite wings designed and manufactured in Bombardier’s Belfast factory.
A new factory in Belfast for building the wings is to be completed later this year. Bombardier said it would deliver its first wing in 2011, with the aircraft expected to enter the market in 2013.
The Republic Airways agreement also includes options for another 40 of the aircraft.
Based on the list price for the CS300 aircraft, the contract is worth around $3.06bn — and the value could double if all 80 aircraft are ordered.
Bryan Bedford, president and chief executive officer of Republic Airways Holdings, said: “The CSeries aircraft’s leading-edge technologies bring unmatched economics, operational flexibility, reduced environmental impact and passenger comfort.
“Our passengers will find the aircraft’s cabin features — wide aisles, spacious seating with increased shoulder space, extra large windows and upsized storage — particularly attractive. The CSeries aircraft will give us a major competitive cost advantage and complement our future growth and development plans.”
Gary Scott, president of Bombardier Commercial Aircraft, said the CSeries was “a significant part of Bombardier’s future”.
“This major CSeries aircraft order from our first North American customer reflects the confidence Republic Airways has in Bombardier’s ability to deliver a game-changing aircraft and to service the airline’s requirements.”
Bombardier has previously received orders for a total of 50 CSeries craft — and an order of 30 CS100 from Deutsche Lufthansa
The planes are billed as longer range, economical and low emission. Bombardier Aerospace in Belfast this week announced it had awarded contracts to two more UK companies to work on the CSeries programme.