TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: CS300

Airbus Renames CSeries Jet As A220

* Sees demand for at least 3,000 of the planes over 20 years

* Says move will be positive for jobs in Quebec

* Broadens its battle with Boeing to small passenger jets (Adds potential order, background)

TOULOUSE, France, July 10 (Reuters) – Airbus gave its newly acquired Canadian CSeries jet a new name and looked close to winning an inaugural order on Tuesday as it prepares to broaden its battle with Boeing for jet sales.

The European firm said it was rebranding the plane as the A220, slotting it just under its longstanding A300 portfolio which stretches from the 124-seat A319 to the 544-seat A380.

Airbus expects to sell a “double-digit” number of the jets that have 110-130 seats this year and sees demand for at least 3,000 of them over 20 years, said CSeries sales chief David Dufrenois.

“I don’t think it will be very long before we see the first results on the market,” said Airbus Chief Commercial Officer Eric Schulz.

The CSeries has been locked in a fierce competition for a deal to supply jets to U.S. carrier JetBlue and is in poll position to win as Airbus also offers more attractive delivery positions on its larger planes, industry sources said.

Airbus and JetBlue declined comment.

The rebranding seals the takeover of one of Canada’s most visible industrial projects and ends Bombardier’s efforts to go it alone in the mainline jet market against larger rivals.

Airbus officials stressed it would be positive for jobs in Quebec where the lightweight jet is built.

The 110-seat and 130-seat models, previously known as CS100 and CS300, will be known as A220-100 and A220-300 respectively.

A deal for Airbus to take majority control of the loss-making Montreal-based aircraft programme with Bombardier and Quebec as minority partners closed on July 1.

The move also sets the stage for a broader confrontation with Boeing, which last week announced a tentative deal to take over the commercial unit of Bombardier’s competitor Embraer.

Until now the two plane giants have focused mainly on planes starting at 150 seats and largely ignored the niche below their single-aisle jets.

Adding the smaller models to their portfolios will broaden the revenue base of each company and prevent a key slice of Western know-how reaching potential competitor China, which had held talks to buy the CSeries, people involved in the deal said.

The change of identity came in a slick branding ceremony as the Canadian-developed passenger jet performed a flypast in searing heat over Airbus’s Toulouse facilities, with executives papering over past differences over prospects for the jet.

Airbus said it expected total demand for 7,000 planes in its category over 20 years, including its own A319.

(Reporting by Tim Hepher Editing by Sudip Kar-Gupta and Edmund Blair)

David Neeleman Planning New US Budget Airline

(Reuters) – WestJet Airlines Ltd and JetBlue Airways Corp founder David
Neeleman is planning to launch a new budget airline in the United States,
with $100 million in startup capital, according to a report from the Airline
Weekly.

The airline, tentatively called Moxy, has secured orders for 60 Bombardier
CS300 aircraft, the publication said, citing people familiar with the matter.
(https://bit.ly/2HYULKP)

The report also said that former Air Canada Chief Executive Officer Robert
Milton and former International Lease Finance Corp CEO Henri Courpron are
among early investors along with Neeleman himself.

Bombardier declined to comment on the report, while Neeleman was not
immediately available for comment.

(Reporting by Karan Nagarkatti in Bengaluru; Editing by Shounak Dasgupta)

Bombardier Finally Lands Another CSeries Order

Latvian carrier airBaltic has placed an order for an additional 30 Bombardier CS300 series aircraft. The deal was announced on May 28th, and includes an option for up to another 30 additional aircraft, with deliveries scheduled to begin in the fourth quarter of 2019. This order follows airBaltic’s previous order of 20 CS300 aircraft, with the airline already operating 8 of the aircraft type. The airline expects to take delivery of the remaining 12 aircraft by 2019. The CSeries aircraft is set to replace the current Boeing 737’s in the airBaltic fleet.

The order is strategic for implimentation the next phase of the company business strategy called “Destination 2025”. This strategy will expand the scale of the airline’s operations from its bases in the Baltic countries of Latvia, Estonia and Lithuania. This plan is designed to greatly increase the number of passengers and revenue by the year 2025.

Currently, airBaltic operates over 70 routes from Riga, Tallinn, and Vilnius to the major cities of Europe, Scandinavia, the Middle East, and the Russian Commonwealth countries. This summer, airBaltic has introduced new direct service connecting Tallinn and London, as well as 8 new destinations from Riga to Almaty, Bordeaux, Gdansk, Kaliningrad, Lisbon, Malaga, Sochi, and Split.

airBaltic website

Bombardier CSeries Jet Gets Trade dispute Victory

On Friday, the U.S. International Trade Commission handed down its decision in a long-running trade dispute between Boeing (NYSE: BA) and Bombardier (NASDAQOTH: BDRBF). Most observers had been expecting Boeing to prevail over its Canadian rival. Not only does the ITC tends to be biased toward U.S. companies, but Bombardier also had refused to answer some of the Department of Commerce’s questions in the ongoing case.

Click the link below for the full story!

Bombardier CSeries victory

Bombardier gets letter of intent from Air Canada for 45 jets

Bombardier has received a letter of intent from Air Canada for 45 new jets. Deliveries of the planes would begin in 2019, with an order value of $3.8 billion based on list price. The Air Canada order for 45 aircraft is for the larger CS300 version passenger jet. The order includes an option for an additional 30 CS300 jets, and order conversion rights for the smaller CS100 model.

bombardier-CS300