Bombardier Lines Up Significant C Series Order

Bombardier has signed a letter of intent (LOI) with an undisclosed European airline for up to 61 C Series aircraft.  The deal, which consists of 31 firm orders and 30 options, was disclosed by the Montreal-based manufacturer during its 3Q17 earnings results.

“This significant new order confirms the increasing confidence customers have in the C Series,” Alain Bellemare, President and CEO, Bombardier, said.  “Looking forward, as Airbus joins the programme, and with the C Series continuing to prove itself in service, we expect sales momentum to accelerate quickly.”

Bombardier expects the LOI to be converted to a firm purchase agreement by the end of the year.  Based on the list price, a firm order would be valued at approximately $2.4bn, which would increase to nearly $4.8bn if all 30 options are exercised.