Bombardier takes $2.2bn orders from Farnborough

Posted on 13 Jul 2012

After a series of deals, aircraft manufacturer Bombardier has won business totalling $2.22bn (£1.43bn) over the course of Farnborough International Airshow.

Bombardier, which has a large manufacturing base in Belfast, Northern Ireland, announced a deal yesterday for six Q400 NextGen airliners with Canadian firm Jazz Aviation, which operates aircraft for Air Canada. The contract is worth $189m according to list price figures.

The manufacture of mid fuselage and wing mounted flight components will take place at Bombardier’s site in Belfast.

Latvian-based AirBaltic signed a letter of intent for up to 20 Bombardier CSeries airliners on Tuesday. Bombardier’s C-series aircraft, which is still to make its maiden flight, is set to come into the marketplace with higher fuel efficiency than many of its rivals. The CSeries aircraft is scheduled to enter into service in late 2013.

AirBaltic is set to acquire 10 CS300 aircraft and take purchase rights on a further 10. Based on the list price of the CS300 airliner, a firm-order contract with the network carrier will be valued at approximately $764m, and could increase to $1.57bn should the 10 purchase rights be converted to firm orders.

Martin Gauss, CEO at airBaltic, said: “The superb economics of the aircraft and the delivery timeframe that is available to us are key factors in our decision to choose Bombardier’s CS300 airliners for our network.”

Bombardier Aerospace, Belfast is responsible for the design, development and manufacture of the advanced composite wings for the CSeries aircraft following a £520m investment in the CSeries aircraft wing programme that resulted in a new factory and skills overhaul.

Around 800 people will be working on the wings in Northern Ireland in 2017 when production is set to peak.

Additional deals confirmed this week include an unnamed buyer for 15 Bombardier CSeries Airliners, placing a conditional order for five CS100 and 10 CS300 jetliners.

Based on the list prices of CS100 and CS300 aircraft, the contract is valued at approximately $1.02bn.

China Express Airlines confirmed a previously conditional order for six Bombardier CRJ900 NextGen Aircraft on Monday.

The firm order contract is valued at approximately $264m and could increase to around $491m should the five options be converted to firm orders.