graupner
Jul 13, 2008, 8:32 PM
This is one of the most major industrial project in Canada in years and a direct incursion in the markets of Boeing and Airbus. Bombardier now enters the big league.
This will create 3000 direct jobs in Montreal, and up to 2 000 jobs all across Canada in different suppliers.!
Lufthansa signed a pre-launch deal worth almost 2.8 G$ and Shanghai Airlines is supposed to sign a similar deal in upcoming weeks.
http://canadianpress.google.com/article/ALeqM5g-I1zXlWpkEpuSUX9pghRfMdlBiw
Bombardier announces new CSeries regional jet to be built in Quebec
2 hours ago
LONDON — As the world's airlines cope with record jet fuel prices, Bombardier Inc. (TSX:BBD.B) launched a new fuel-efficient CSeries regional jet Sunday, saying the "greenest aircraft in its class" will be manufactured at the company's Mirabel plant north of Montreal.
The Montreal-based aircraft maker and rail transit maker announced its long-awaited launch in London, at the prestigious Farnborough Air Show in England, which starts Monday. Almost 1,500 exhibitors from 35 countries will show off the latest in aviation technology, including new jets and advanced engines, flight simulators and surveillance aircraft.
"With the latest in system technologies and aerodynamics, the CSeries family of aircraft will revolutionize the economics and network strategies for airline operations in the 100-to 149-seat commercial market," said Pierre Beaudoin, Bombardier's president and chief executive.
The company said in a news release that German airline Lufthansa has signed a letter of interest for up to 60 aircraft, at a price of US$46.7 million each - a deal worth more than $2.8 billion if firm and optional orders are exercised. It also said that discussions with a number of airlines worldwide "are progressing well."
The long-range CSeries aircraft are slated for delivery in 2013 and would target global airlines who want to buy 100-to 149-passenger aircraft, a market now dominated by the world's two biggest commercial aviation companies, Chicago-based Boeing Co. (NYSE:BA) and Europe's Airbus Industries.
A key attraction to potential customers is the fact the jet is about 20 per cent more fuel efficient than its rivals. That could provide a significant market opening for Bombardier at a time when the industry is racking up massive losses - about US$2.3 billion forecast for this year alone - and 25 airlines have shut down in the last six months.
With record world oil prices, the costs of jet fuel has doubled in the last year and many airlines have cut jobs and reduced capacity to cope, or gone out of business entirely. Air Canada, (TSX:AC.B) Canada's largest air carrier, has cut 2,000 jobs and reduced capacity by about seven per cent to reduce expenses.
Bombardier, Canada's only aircraft manufacturer, said the CSeries aircraft wings will be designed and manufactured at its aircraft factory in Belfast, Northern Ireland. The manufacture of the aircraft's aft fuselage and cockpit will take place at its plant in Saint-Laurent, Que., while the final assembly will take place at the nearby plant in Mirabel.
Montreal and Kansas City, Mo., were the two main locations Bombardier was considering for the assembly work, which will create 2,500 jobs.
Guy C. Hachey, president and chief operating officer at Bombardier Aerospace, called the CSeries aircraft program "a compelling business proposal" for both Canada and Quebec as well as Northern Ireland and the British government.
"It involves, among other things, the development of new technology, creation of employment and further consolidation of Canada's leadership in the aerospace industry. Our partners, including governments and suppliers, will benefit from the program's success," said Hachey.
The company touted the new jet as the "the greenest single-aisle aircraft in its class."
"These game-changing aircraft emit up to 20 per cent less CO2 and up to 50 per cent less NOx, fly four times quieter, and deliver dramatic energy savings - up to 20 per cent fuel burn advantage..." company officials said.
"The CSeries aircraft will set a new benchmark in the industry."
One of the world's major jet engine makers, Pratt & Whitney, will build the geared turbofan engine that will power the CSeries. Pratt & Whitney, which has major operations in the Montreal-area, is a division of United Technologies Corp. (NYSE: UTX) a company whose divisions make everything from engines and Otis elevators to Carrier air conditioners and nuclear submarines,
Last Sunday, Bombardier machinists voted 82.6 per cent in favour of a new tentative agreement, provided the new planes are built in Quebec.
The workers agreed that up to 15 per cent of the employees would work under a six year contract with longer probation periods.
The new deal includes a 3.25 per cent salary increase per year over six years.
Analysts have said Bombardier has lined up five potential customers for more than 200 of the new jets.
A Lufthansa senior executive said the German airline is proud to be part of the deal.
"Our initial evaluations of the CSeries family of aircraft and discussions with Bombardier over the last few months have evolved and made us believe that the CSeries family of aircraft clearly meets our stringent requirements for sustainable fleet development," said Nico Buchholz, senior vice-president, corporate fleet.
"After watching the development of the geared turbofan engine since the very early stages, we are confident that this next generation engine will deliver on its targets of double digit reductions in fuel burn, environmental emissions, engine noise and operating costs."
Analyst Jacques Kavafian of Research Capital predicted last week that Shanghai Airlines, China Southern, International Lease Finance Corp. and Qatar Airways would to place orders for the new fuel-efficient jets.
Other airlines that have been mentioned as potential customers down the road are Malaysian Airlines and U.S. airlines Northwest and Delta.
This will create 3000 direct jobs in Montreal, and up to 2 000 jobs all across Canada in different suppliers.!
Lufthansa signed a pre-launch deal worth almost 2.8 G$ and Shanghai Airlines is supposed to sign a similar deal in upcoming weeks.
http://canadianpress.google.com/article/ALeqM5g-I1zXlWpkEpuSUX9pghRfMdlBiw
Bombardier announces new CSeries regional jet to be built in Quebec
2 hours ago
LONDON — As the world's airlines cope with record jet fuel prices, Bombardier Inc. (TSX:BBD.B) launched a new fuel-efficient CSeries regional jet Sunday, saying the "greenest aircraft in its class" will be manufactured at the company's Mirabel plant north of Montreal.
The Montreal-based aircraft maker and rail transit maker announced its long-awaited launch in London, at the prestigious Farnborough Air Show in England, which starts Monday. Almost 1,500 exhibitors from 35 countries will show off the latest in aviation technology, including new jets and advanced engines, flight simulators and surveillance aircraft.
"With the latest in system technologies and aerodynamics, the CSeries family of aircraft will revolutionize the economics and network strategies for airline operations in the 100-to 149-seat commercial market," said Pierre Beaudoin, Bombardier's president and chief executive.
The company said in a news release that German airline Lufthansa has signed a letter of interest for up to 60 aircraft, at a price of US$46.7 million each - a deal worth more than $2.8 billion if firm and optional orders are exercised. It also said that discussions with a number of airlines worldwide "are progressing well."
The long-range CSeries aircraft are slated for delivery in 2013 and would target global airlines who want to buy 100-to 149-passenger aircraft, a market now dominated by the world's two biggest commercial aviation companies, Chicago-based Boeing Co. (NYSE:BA) and Europe's Airbus Industries.
A key attraction to potential customers is the fact the jet is about 20 per cent more fuel efficient than its rivals. That could provide a significant market opening for Bombardier at a time when the industry is racking up massive losses - about US$2.3 billion forecast for this year alone - and 25 airlines have shut down in the last six months.
With record world oil prices, the costs of jet fuel has doubled in the last year and many airlines have cut jobs and reduced capacity to cope, or gone out of business entirely. Air Canada, (TSX:AC.B) Canada's largest air carrier, has cut 2,000 jobs and reduced capacity by about seven per cent to reduce expenses.
Bombardier, Canada's only aircraft manufacturer, said the CSeries aircraft wings will be designed and manufactured at its aircraft factory in Belfast, Northern Ireland. The manufacture of the aircraft's aft fuselage and cockpit will take place at its plant in Saint-Laurent, Que., while the final assembly will take place at the nearby plant in Mirabel.
Montreal and Kansas City, Mo., were the two main locations Bombardier was considering for the assembly work, which will create 2,500 jobs.
Guy C. Hachey, president and chief operating officer at Bombardier Aerospace, called the CSeries aircraft program "a compelling business proposal" for both Canada and Quebec as well as Northern Ireland and the British government.
"It involves, among other things, the development of new technology, creation of employment and further consolidation of Canada's leadership in the aerospace industry. Our partners, including governments and suppliers, will benefit from the program's success," said Hachey.
The company touted the new jet as the "the greenest single-aisle aircraft in its class."
"These game-changing aircraft emit up to 20 per cent less CO2 and up to 50 per cent less NOx, fly four times quieter, and deliver dramatic energy savings - up to 20 per cent fuel burn advantage..." company officials said.
"The CSeries aircraft will set a new benchmark in the industry."
One of the world's major jet engine makers, Pratt & Whitney, will build the geared turbofan engine that will power the CSeries. Pratt & Whitney, which has major operations in the Montreal-area, is a division of United Technologies Corp. (NYSE: UTX) a company whose divisions make everything from engines and Otis elevators to Carrier air conditioners and nuclear submarines,
Last Sunday, Bombardier machinists voted 82.6 per cent in favour of a new tentative agreement, provided the new planes are built in Quebec.
The workers agreed that up to 15 per cent of the employees would work under a six year contract with longer probation periods.
The new deal includes a 3.25 per cent salary increase per year over six years.
Analysts have said Bombardier has lined up five potential customers for more than 200 of the new jets.
A Lufthansa senior executive said the German airline is proud to be part of the deal.
"Our initial evaluations of the CSeries family of aircraft and discussions with Bombardier over the last few months have evolved and made us believe that the CSeries family of aircraft clearly meets our stringent requirements for sustainable fleet development," said Nico Buchholz, senior vice-president, corporate fleet.
"After watching the development of the geared turbofan engine since the very early stages, we are confident that this next generation engine will deliver on its targets of double digit reductions in fuel burn, environmental emissions, engine noise and operating costs."
Analyst Jacques Kavafian of Research Capital predicted last week that Shanghai Airlines, China Southern, International Lease Finance Corp. and Qatar Airways would to place orders for the new fuel-efficient jets.
Other airlines that have been mentioned as potential customers down the road are Malaysian Airlines and U.S. airlines Northwest and Delta.