Bombardier Wins $3.8bn Air Canada CSeries Order, Announces Job Cuts

Air Canada has signed a letter of intent (LOI) with Bombardier for 75 CSeries aircraft valued around $3.8bn at list prices, the OEM’s first order for the narrowbody jet in more than a year.

Air Canada has signed a letter of intent (LOI) with Bombardier for 75 CSeries aircraft valued around $3.8bn at list prices, the OEM’s first order for the narrowbody jet in more than a year.

Montreal-headquartered Bombardier said on Wednesday (February 17) that the LOI includes a firm order for 45 CS300 aircraft with options for an additional 30 CS300s, which also includes conversion rights to CS100 aircraft.

The Air Canada order was announced on the same day that Bombardier confirmed its intention to cut 7,000 jobs across its global workforce over the next two years, including more than 1,000 aerospace staff at its wing manufacturing facility in Belfast, Northern Ireland.

Bombardier said the majority of job losses will occur in Canada and Europe, but it will also look to hire new staff in “certain growth areas” as it ramps up production of the CSeries programme.
 
 
 

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