Bombardier CEO Pierre Beaudoin now will exercise more direct oversight of the three units that comprise the company’s Aerospace division, after years of what he considers substandard performance, the Canadian executive conceded during Bombardier’s second-quarter earnings conference call on Thursday.
Bombardier’s just-released market forecast shows a significant drop in anticipated deliveries of business and commercial aircraft during the coming 20 years compared to last year’s forecast. The current forecast is for deliveries from 2014 to 2033.
Last year, Bombardier forecast deliveries of 24,000 business jets worth $650 billion from 2013 to 2032. The current forecast is for 22,000 business jets worth $617 billion. These numbers are for aircraft segments in which it Bombardier competes with its Learjet, Challenger and Global models.
Bombardier Aerospace announced orders and letters of intent (LOIs) valued in excess of $1.65 billion at the Farnborough Airshow yesterday, as well as the selection of an authorized training provider and details of its service and support program during its update on the in-development C-Series twinjet.
Meanwhile, with the issues regarding the recent engine fire reportedly identified and being addressed (see box), the Montreal-based company sees no further impediments to the CSeries entry into service in the second half of 2015.
Embraer is unveiling its cabin interior for the new -E2 version of its established regional-jet series, which are marketed generically as E-Jets, here at the Farnborough Airshow this week. Maintaining the same four-abreast fuselage cross section, the -E2 models are principally re-engined variants of the E175, 190 and 195 powered by Pratt & Whitney geared turbofans–the PW1700G on the E175 and the larger PW1900G on the heavier E190 and E195.
Rebuffing descriptions of the CSeries’ sales performance as “sluggish,” Bombardier says it welcomes comparisons between its airplane and those that Boeing and Airbus offer in the 100- to 149-seat market segment. In a recent market analysis, the Canadian airframe maker cites firm order figures for the CSeries of 201 aircraft from 18 customers, compared with 47 from three customers for the Airbus A319neo, 55 from two customers for the Boeing 737-7 Max, and 100 from two customers for the Embraer E190/195 E2.
Charter group Falcon Aviation Services signed a letter of intent to buy a Bombardier CS300 yesterday, with an option for a second. Falcon Aviation Services will thus be the first non-airline operator of the CSeries, offering it for charter by private individuals and businesses. The $156.5 million deal, announced this week at the Air Expo show in Abu Dhabi, takes the total number of orders and commitments for the CSeries to 447, of which 201 are firm orders.
Bombardier Aerospace scored a flurry of orders for 58 Challenger and Global business jets worth nearly $3 billion late last month, allowing the Montreal-based aircraft manufacturer to end the year on a high note. Including these 11th-hour orders, the company sold some 310 business jets last year.
Iraqi national carrier Iraqi Airways has signed a firm order for five Bombardier CSeries CS300s and reserved options on another 11, Bombardier announced last month. The firm order came only two weeks after the parties announced a letter of intent at the Dubai Airshow. Bombardier places the value of the order at some $387 million based on list prices. If Iraqi Airways exercises all its options, the value would rise to $1.26 billion.
Bombardier has proposed establishing 850-hour intervals for CSeries aircraft line maintenance checks (A Checks) and 8,500-hour intervals for the new airliner’s base maintenance checks (C Checks), the manufacturer announced at its May 28 European Regional Review in Munich, Germany. Engaged in developing a CSeries maintenance program based on Maintenance Steering Group 3 (MSG-3) since October 2010, Bombardier claims the “longer” intervals will minimize downtime and result in “more competitive” maintenance costs for operators.
Bombardier business jet operators in Europe will soon have access to a broader range of services through Bombardier’s service center at Amsterdam-Schiphol International Airport. Bombardier will add engine services, interior refurbishment and aircraft cleaning and detailing services to its line and heavy maintenance offerings for Learjets, Challengers and Globals.
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