Posted on: 28 June 2016 by Mark Howells
Following a Letter of Intent in February 2016, Bombardier Commercial Aircraft and Air Canada have finalised a firm purchase agreement including a firm order for 45 CS300 aircraft as well as options for an additional 30 of the type.
“I'm pleased to officially welcome Air Canada to our CS300 family of operators as one of our largest customers and early adopters,” averred Alain Bellemare, president and CEO, Bombardier Inc. “As an innovative operator, admired for successfully reinventing itself and, like Bombardier, based in Québec, Air Canada and the CSeries aircraft are a perfect match.
“This order is a major statement of support for Canada's aerospace industry and will help support thousands of CSeries related jobs,” added Bellemare. “It also serves as an important catalyst for renewed interest and subsequent orders.”
Deliveries are scheduled to take place from late 2019 to 2022. At list price, the firm order for 45 CS300 aircraft is valued at approximately US$3.8 billion. This amount would increase to US$6.3 billion should Air Canada exercise its 30 further options.
“Over the past few years, we've been making transformative moves to boost our competitiveness and customer satisfaction to better position us for growth and continued success,” stated Air Canada’s president and CEO, Calin Rovinescu. “Finalising the CS300 order is a key element to Air Canada's strategy to build one of the world's youngest and most fuel-efficient fleets. This order also will help establish a Centre of Excellence for CSeries maintenance work in Québec. Following a rigorous evaluation of its capabilities, we're confident that the CSeries aircraft's superior range, economics and seating capacity will provide a stellar passenger experience and contribute significantly to our development plans to expand our network and increase point-to-point service to Canadian and trans-border markets.”