Bombardier First Large Aircraft Ready For Take Off In 2012

October 4, 2010 · Posted in Business finance 
AHN News Staff

Montreal, Quebec, Canada (AHN) – Despite the financial turbulence that has hit the global aviation industry, Canadian aircraft and train manufacturing firm Bombardier continues to enjoy good business and is even on an expansion mode.

Bombardier is set to fly its first large aircraft in 2012. The first of the C Series airplane wings are currently being built at a new facility in Belfast, Northern Ireland and will be transported by ship to Newark in New Jersey, then trucked to Montreal for final assembly.

Bombardier has spent $3.4 billion to produce large aircraft. Its C Series planes have a single aisle and more fuel-efficient engines aimed at air transport companies that want to replace their older, noisier and fuel-hungry models.

Bombardier has so far 90 orders from three air carriers for the C Series broken down into 33 orders for the CS100 and 57 for the CS300.

Lufthansa ordered 30 planes, Lease Corporation International has orders 20 and Republic Airways for 40. All 90 orders are part of Bombardier’s current backlog for the C Series.

Last month, Bombardier Aerospace’s Board of Directors gave the green light to launch the company’s expanded Global aircraft family. Bombardier will provide more details of the Global aircraft family at a launch on Oct. 18 at the National Business Aviation Association convention and exhibition in Atlanta, Georgia.

The Global aircraft family builds on Bombardier’s Global 5000 and Global Express XRS jets in the large business aircraft category, according to Steve Ridolfi, president of Bombardier Business Aircraft.

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