20 JANUARY 2014


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Article from BTNews 20 JANUARY 2014

CSeries further delay

Just as it was able to announce a further order for the regional CSeries aircraft (see Airlines – how many?) Bombardier warned last Thursday it will delay the jet into commercial service until the last half of 2015.  'On the plus side, the 120/150 seat aircraft is fitting into a niche market that Airbus and Boeing, with their generally larger single aisle aircraft, are finding 'challenging'. 

The CSeries, which saw its inaugural flight delayed three times before taking off four months ago, was ambitiously scheduled to go into service a year later, though analysts had expected entry into service to be pushed back to early 2015.

"It is no surprise that the EIS date has been pushed to the right," said Cameron Doerksen, an analyst with National Bank Financial, in a client note. "However, the new date is even later than our expectation and certainly beyond the consensus view that we think was for EIS in Q1 2015."

Doerksen, who did not anticipate order cancellations, speculated the delay could add several hundred million dollars to the CAD$3.4 billion (USD$3.1 billion) costs due to engineering and testing.

At the present time orders for the new aircraft stood at 198. http://cseries.com

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