Bombardier Gets Second CSeries Order In A Week

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Published: June 8, 2011

Bombardier said on Tuesday it has received a firm order for three of its new CSeries airliners, its second small order in a week for the model after a 16 month drought.

Bombardier said an unnamed but “well-established” airline had placed the order, which is worth USD$ 186 million based on the list price for the CS100 aircraft.

It said the airline had also taken an option on three more single-aisle, 110-seater CS100 jets, raising the potential value of the order to USD$ 385 million.

The CSeries is Bombardier’s controversial and expensive move into a larger-size aircraft that encroaches on the turf of the world’s top two aircraft makers, Airbus and Boeing. The lack of recent orders had raised fears that it was a bad gamble.

“It is certainly helping them build back some of their credibility in the market… If they continue to put these orders in the books the interest will continue to grow,” said Stonecap Securities analyst Scott Rattee.

Last week the Montreal-based plane and train maker said it had secured a 10-plane CSeries order and hinted it was close to announcing more deals.

Bombardier now has 103 orders for the CSeries family of aircraft — 41 CS100s and 62 larger CS300s aircraft — from five customers. The airliner is scheduled to go into service late in 2013 and into 2014.

Separately, the chief executive of Indonesian flag carrier Garuda Indonesia said on Tuesday that Garuda plans to order up to 25 regional jets with fewer than 100 seats either from Bombardier or rival Embraer as early as the third quarter.

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