Will this be the replacement for the Diesel-9????
http://www.globeinvestor.com/servlet/story/RTGAM.20080712.wbombardier0712/GIStory/
Bombardier expected to name launch customer of new C-Series
ERIC REGULY
Saturday, July 12, 2008
LONDON — Bombardier Inc. is set to move into direct competition with industry heavyweights Boeing and Airbus with the expected announcement Sunday morning of the launch customer for the new C-Series jet, a $3-billion program that has been an on-again, off-again project for four years.
Bombardier officials would not confirm or deny on Saturday that the C-Series, with 110 to 130 seats, had found a buyer or buyers among airlines or aircraft-leasing companies. But it is rolling out its top aerospace officials Sunday morning at the Farnborough air show, just outside of London, to make a major announcement. Analysts and fund managers assume it will be related to the C-Series.
The announcement will be made by Bombardier chief executive officer Pierre Beaudoin; Guy Hachey, the president of the Montreal company's aerospace division; and Gary Scott, president of Bombardier commercial aircraft.
Notice of the press conference went out Saturday, suggesting that Bombardier had nailed down a launch customer in the last few days. All the aerospace companies are keen to make big announcements at the bi-annual Farnborough show, one of the industry's top gatherings of aircraft buyers and sellers.
If the project goes ahead, it will create about 2,500 new jobs. It is expected that the plane will be built in Mirabel, near Montreal, though Missouri has been pushing hard to get a piece of the manufacturing action. The Canadian and Quebec governments would no doubt withdraw some or all of their proposed financial assistance if the plane were to be built outside of Canada. About one-third of the $3-billion development bill will come from government sources.
Bombardier is keen to push ahead with the C-Series in spite of the gloom in the airline industry, triggered by soaring fuel prices and an economic slowdown in North America and in Europe. That's because airlines that want to stay in business will have to retire their gas-guzzling clunkers and replace them with the most fuel-efficient jets, said Clifford Ransom, president of Ransom Research of Baltimore.
“The old jets are going to get parked in the desert,” he said.
Bombardier has claimed that the C-Series will consume about 15 per cent less fuel, and will be about 20 per cent cheaper to operate than current jets of comparable size. Mr. Ransom said airlines that cannot afford to buy the C-Series outright will be tempted to rent them from airline-leasing companies.
While the C-Series would compete with the Boeing 737, the Airbus 319 and their variants, Bombardier is apparently emboldened by lack of plans by either manufacturer to replace the small jets with more efficient models in the near term. This would leave Brazil's Embraer as the C-Series toughest competitor at first, though analysts assume Boeing and Airbus will eventually compete directly with the C-Series.
Mr. Beaudoin last month said the C-Series project is “very advanced” but would not confirm the rumours that the plane would be officially launched at Farnborough.
Analysts Jacques Kavafian of Canada's Research Capital has said Bombardier should be able to sell 3,000 of the aircraft over 20 years. If the plane is launched on Sunday, the first versions would be delivered in 2013.
http://www.globeinvestor.com/servlet/story/RTGAM.20080712.wbombardier0712/GIStory/
Bombardier expected to name launch customer of new C-Series
ERIC REGULY
Saturday, July 12, 2008
LONDON — Bombardier Inc. is set to move into direct competition with industry heavyweights Boeing and Airbus with the expected announcement Sunday morning of the launch customer for the new C-Series jet, a $3-billion program that has been an on-again, off-again project for four years.
Bombardier officials would not confirm or deny on Saturday that the C-Series, with 110 to 130 seats, had found a buyer or buyers among airlines or aircraft-leasing companies. But it is rolling out its top aerospace officials Sunday morning at the Farnborough air show, just outside of London, to make a major announcement. Analysts and fund managers assume it will be related to the C-Series.
The announcement will be made by Bombardier chief executive officer Pierre Beaudoin; Guy Hachey, the president of the Montreal company's aerospace division; and Gary Scott, president of Bombardier commercial aircraft.
Notice of the press conference went out Saturday, suggesting that Bombardier had nailed down a launch customer in the last few days. All the aerospace companies are keen to make big announcements at the bi-annual Farnborough show, one of the industry's top gatherings of aircraft buyers and sellers.
If the project goes ahead, it will create about 2,500 new jobs. It is expected that the plane will be built in Mirabel, near Montreal, though Missouri has been pushing hard to get a piece of the manufacturing action. The Canadian and Quebec governments would no doubt withdraw some or all of their proposed financial assistance if the plane were to be built outside of Canada. About one-third of the $3-billion development bill will come from government sources.
Bombardier is keen to push ahead with the C-Series in spite of the gloom in the airline industry, triggered by soaring fuel prices and an economic slowdown in North America and in Europe. That's because airlines that want to stay in business will have to retire their gas-guzzling clunkers and replace them with the most fuel-efficient jets, said Clifford Ransom, president of Ransom Research of Baltimore.
“The old jets are going to get parked in the desert,” he said.
Bombardier has claimed that the C-Series will consume about 15 per cent less fuel, and will be about 20 per cent cheaper to operate than current jets of comparable size. Mr. Ransom said airlines that cannot afford to buy the C-Series outright will be tempted to rent them from airline-leasing companies.
While the C-Series would compete with the Boeing 737, the Airbus 319 and their variants, Bombardier is apparently emboldened by lack of plans by either manufacturer to replace the small jets with more efficient models in the near term. This would leave Brazil's Embraer as the C-Series toughest competitor at first, though analysts assume Boeing and Airbus will eventually compete directly with the C-Series.
Mr. Beaudoin last month said the C-Series project is “very advanced” but would not confirm the rumours that the plane would be officially launched at Farnborough.
Analysts Jacques Kavafian of Canada's Research Capital has said Bombardier should be able to sell 3,000 of the aircraft over 20 years. If the plane is launched on Sunday, the first versions would be delivered in 2013.
Over the newest current generation aircraft. I guess that means the E190, 737, A319. That's what the article above says.
