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Bombardier pushes back first flight of new jet

14-11-2012

The new C-Series large regional jet won’t fly until the middle of the next year as delays mount with Bombardier’s parts suppliers. The news has some investors worried that the company is struggling to line up orders for the jet, which would seat up to 150 people and compete with the Boeing 737 and Airbus A320. While Boeing and Airbus have swelling order books for their respective single-aisle jets, the C-Series has less than 150 total orders for the plane’s two variants, and orders for only five of the planes have been placed this year. The delays mean the plane likely won’t start deliveries until mid-2014. And that means Bombardier will have to use even more of its cash on hand to keep funding the $3.4 billion C-Series program, not to mention the separate costs of developing the company’s new LearJet 85.

http://www.reuters.com/article/2012/11/08/uk-bombardier-results-idUSLNE8A700T20121108

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