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Air Canada to purchase up to 75 Bombardier CS300 aircraft


Air Canada to purchase up to 75 Bombardier CS300 aircraft by The Canadian Press Posted Feb 17, 2016 4:17 am MDT Last Updated Feb 17, 2016 at 7:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The Bombardier CS300 is shown making it’s maiden test flight in Mirabel, Que., on Friday, February 27, 2015. Bombardier says it will cut its workforce by 7,000 positions over two years, including 2,000 contractors. The job cuts were announced along with a major order for Bombardier’s new CSeries jets being purchased by Air Canada as well as financial results for Bombardier’s latest quarter and the 2015 financial year. THE CANADIAN PRESS/Ryan Remiorz MONTREAL – Air Canada has signed a letter of intent to purchase 45 of Bombardier’s CS300 aircraft with options for an additional 30 planes.Based on the list price of the CS300, Bombardier (TSX:BBD.B) says a firm order would be worth about $3.8 billion.Once a firm purchase agreement is in place, Bombardier says Air Canada (TSX:AC) will become the first mainline, international North America-based carrier for the C Series family of aircraft. Deliveries are scheduled to begin in 2019.With this agreement, Bombardier says it now has orders and commitments for a total of 678 C Series planes.The agreement with Air Canada was announced by Bombardier at the same time it said it would cut its workforce by 7,000 positions over two years, including 2,000 contractors.The job losses will be partly offset by hiring in certain areas, including the C Series project. read more




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