Bombardier to miss 2017 CSeries delivery target, but wins new order

Bombardier will miss its 2017 delivery target for the CSeries by 8-10 aircraft, but the manufacturer has signed the first sales agreement for the CSeries—with an unidentified European customer—since April 2016. The mixed news on the CSeries comes just over 2 weeks after Airbus agreed to take a majority stake in the CSeries program. Bombardier said an unidentified European customer has signed an LOI for 31 firm CSeries aircraft plus 30 options; the firm order is valued at US$2.4b. Bombardier president and CE Alain Bellemare said he expects to finalise the deal with the European customer by the end of December. “We expect to see accelerating [CSeries] sales momentum,” Bellemare said. But Bombardier continues to struggle to deliver CSeries aircraft on schedule, citing ongoing issues at Pratt & Whitney. <br/>