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Bombardier adds 40 firm CSeries orders

Published 26/09/2014, 13:29
© Reuters A plane flies over a Bombardier plant in Montreal
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TORONTO (Reuters) - Bombardier Inc (TO:BBDb) said on Friday that aircraft leasing company Macquarie AirFinance had signed a firm agreement to buy 40 of the Canadian manufacturer's new CSeries jets, with an option for 10 more.

The deal is for CS300 jets, the larger-capacity version of the CSeries. Macquarie AirFinance will lease the planes to airlines around the world, Bombardier said.

The agreement takes Bombardier's firm CSeries orders to 243. It is aiming for 300 by the time the jets enter service, which the company has said should happen in the second half of 2015.

Bombardier's closely watched CSeries programme has experienced repeated delays and ballooning costs that have worried investors. The Montreal-based company resumed CSeries test flights on Sept. 7 after an on-ground engine fire halted them in May.

© Reuters. A plane flies over a Bombardier plant in Montreal

The multibillion-dollar CSeries programme takes Bombardier, which is best known for building corporate jets and turboprop planes, into the competitive commercial jet market. The new jet competes with smaller offerings from Boeing Co (N:BA) and Airbus Group NV (PA:AIR).

(Reporting by Allison Martell; Editing by Jeffrey Hodgson and Lisa Von Ahn)

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