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Bombardier may build new line of jets [font=Arial, Helvetica]By CBS MarketWatch
Last Update: 12:54 AM ET Jun 3, 2004[/font]
SAN FRANCISCO (CBS.MW) - Bombardier expects to decide by early 2005 whether to add new passenger jets to directly compete with Boeing and Airbus for sales to U.S. regional carriers, according to a media report Wednesday.
The proposed series would be three models with a capacity of 100 to 130 passengers each, the New York Times reported on its Web site, citing Paul M. Tellier, CEO of the Montreal-based aircraft and railroad car maker.
The fleet would be larger than Bombardier's CRJ commuter jets, which have helped it transform over the past decade into the world's third-biggest aircraft maker behind after Airbus and Boeing (BA) , the Times said. Bombardier also makes the Learjet and Global Express corporate jets.
The CRJ was developed as a stretched version of Bombardier's Challenger business jet, but the company has said that a plane of the size it is considering needs to be designed from scratch, according to the Times story.
Bombardier (BBD.B) expects to spend $18 million on a feasibility study this year, Tellier said, according to the Times.
Bombardier's chief rival in the regional jet market, Brazil's Embraer (ERJ) , is scheduled to begin delivery next year of a series of aircraft similar in size to that proposed by Bombardier.
Bombardier surprised analysts last week by reporting a first-quarter loss of $174 million, which it ascribed chiefly to technical problems and production delays in its rail car divisions. It delivered 47 regional aircraft in the three months to April 30, and has orders for another 300 planes, according to the Times.
Last Update: 12:54 AM ET Jun 3, 2004[/font]
SAN FRANCISCO (CBS.MW) - Bombardier expects to decide by early 2005 whether to add new passenger jets to directly compete with Boeing and Airbus for sales to U.S. regional carriers, according to a media report Wednesday.
The proposed series would be three models with a capacity of 100 to 130 passengers each, the New York Times reported on its Web site, citing Paul M. Tellier, CEO of the Montreal-based aircraft and railroad car maker.
The fleet would be larger than Bombardier's CRJ commuter jets, which have helped it transform over the past decade into the world's third-biggest aircraft maker behind after Airbus and Boeing (BA) , the Times said. Bombardier also makes the Learjet and Global Express corporate jets.
The CRJ was developed as a stretched version of Bombardier's Challenger business jet, but the company has said that a plane of the size it is considering needs to be designed from scratch, according to the Times story.
Bombardier (BBD.B) expects to spend $18 million on a feasibility study this year, Tellier said, according to the Times.
Bombardier's chief rival in the regional jet market, Brazil's Embraer (ERJ) , is scheduled to begin delivery next year of a series of aircraft similar in size to that proposed by Bombardier.
Bombardier surprised analysts last week by reporting a first-quarter loss of $174 million, which it ascribed chiefly to technical problems and production delays in its rail car divisions. It delivered 47 regional aircraft in the three months to April 30, and has orders for another 300 planes, according to the Times.
