Bombardier Gets $1.44B Order For CSeries Jets

Aerospace division of transportation manufacturer has won an order for 20 of its in-development CSeries aircraft from Lease Corporation International Aviation Ltd.

MONTREAL (CP) -- The aerospace division of transportation manufacturer Bombardier Inc. has won another order for its in-development CSeries aircraft, this one worth about US$1.44 billion based on list prices, the company said Monday.

Bombardier said the firm order from Lease Corporation International Aviation Ltd., which leases aircraft to major airlines, comes with options for a further 20 of the regional jets.

Privately owned Lease Corporation International (LCI) has asked for three CS100 and 17 CS300 jetliners in the initial order. That follows an order in March from Deutsche Lufthansa AG for 30 of the CSeries jets worth an estimated US$1.53 billion.

"This firm order for both CS100 and CS300 aircraft adds to the momentum we anticipated for CSeries aircraft following the initial firm order by Deutsche Lufthansa AG," Bombardier Commercial Aircraft president Gary Scott said in a statement.

"Moreover, LCI's purchase confirms the flexibility designed into this technologically advanced aircraft family as required by all our customers, but especially leasing companies."

"We are excited about the future of Bombardier's CSeries jetliner family," said LCI chairman Adam Tomazos.

"Market studies carried out by ourselves and other organizations see a large worldwide demand for aircraft in the 100- to 149-seat category over the next two decades and the CSeries jetliner family is a perfect fit."

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