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C-Series - Program

As of March 31, 2013, Bombardier had booked orders and commitments for 388 CSeries aircraft that include firm orders for 145 CSeries airliners. Bombardier Aerospace announced June 4, 2013 that its purchase agreement with Moscow-based leasing company Ilyushin Finance Co. (IFC) has been approved by IFC’s shareholders and is now firm. The firm purchase agreement covers the acquisition of 32 CS300 aircraft and options for an additional 10 CS300 aircraft, following a letter of intent signed by IFC in 2011 and a conditional purchase agreement announced by Bombardier on February 20, 2013. Based on the list price for the CS300 aircraft, the firm order is valued at approximately $2.56 billion US. Should IFC also exercise its 10 options, the contract would have a total value of approximately $3.42 billion US.

Bombardier Aerospace announced June 26, 2013 that ground vibration tests, as well as software upgrades and corresponding tests, had been completed on the first CSeries aircraft – Flight Test Vehicle 1 (FTV1). In addition, Safety of Flight (SOF) statements from all suppliers have been obtained and Bombardier’s Flight Test Centre has applied to Transport Canada for the FTV1 Flight Test Permit. During the final testing stage in preparation for first flight, FTV1 would conduct power runs, as well as low and high speed taxiing. Based on the latest program review, the first flight was anticipated to occur by the end of July 2013.

Bombardier Aerospace celebrated the successful first flight of its CSeries aircraft 16 September 2013 — a major milestone in the company’s highly anticipated development program that will provide operators with an all-new family of aircraft specifically designed for the 100- to 149-seat market segment. The maiden flight marks the start of the CSeries aircraft’s flight test program leading up to the first customer delivery, and was also the first flight for Pratt & Whitney’s new Geared Turbofan™ PurePower engine as part of an aircraft certification program.

Bombardier Aerospace confirmed January 16, 2014 that the CSeries aircraft program was making solid progress and initial performance results are in line with the company’s expectations. However, based on the thorough review of the CSeries program after the first flight of the CS100 on September 16, 2013, the flight test phase will require more time than originally anticipated to ensure, amongst other things, that the aircraft has the overall system maturity to support a successful entry-into-service. The CS100 aircraft’s entry-into-service is now scheduled for the second half of 2015 and will be followed by the CS300 aircraft’s entry-into-service approximately six months afterwards.

“We are taking the required time to ensure a flawless entry-into-service. We are very pleased that no major design changes have been identified, this gives us confidence that we will meet our performance targets,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “While the process has taken more time than we had expected, our suppliers are aligned with the program’s schedule and together, we will continue to work closely to move the program steadily forward. With the first flight of flight test vehicle 2 (FTV2) successfully completed on January 3, 2014, the CSeries aircraft program will continue to gain traction over the coming months.”

As of early 2014, Bombardier had booked orders and commitments for 445 CSeries aircraft, which include firm orders for 198 CSeries airliners. Some 17 customers and lessees had joined the CSeries aircraft program.

Bombardier Commercial Aircraft announced June 29, 2016 the delivery of the first C Series aircraft. The historic handover to launch operator Swiss International Air Lines (“SWISS”), part of Lufthansa Group, was celebrated during a special event with SWISS and Bombardier’s employees alongside government representatives, suppliers and media. “SWISS is proud to be the first airline to take title of the C Series - the world’s newest, innovative and technologically advanced aircraft. The aircraft performed exceptionally well during its acceptance flight, as expected,” said Thomas Klühr, Chief Executive Officer, SWISS. “Along with the CS300 aircraft that we’ve also ordered, the C Series fleet will allow us to perfectly tailor our capacity to demand on various European routes, while providing an excellent travel experience for our passengers. “We congratulate Bombardier and our own SWISS teams on this milestone delivery as we now turn our focus to the CS100 aircraft’s entry into service,” added Mr. Klühr.

On June 30, 2016 Bombardier confirmed that it had closed the previously announced $1 billion US investment by the Government of Québec (the “C Series Investment”) in a newly created limited partnership, the C Series Aircraft Limited Partnership to which the assets, liabilities and obligations of the C Series aircraft program were transferred. The disbursement of the first $500 million US installment of the investment occurred on June 30, 2016, and the disbursement of the second $500 million US installment is expected to occur on September 1, 2016.





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Page last modified: 24-03-2018 18:39:31 ZULU