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UPDATE 1-Air Canada confirms $3.8 billion Bombardier jet order

Published 2016-06-28, 08:08 a/m
© Reuters. UPDATE 1-Air Canada confirms $3.8 billion Bombardier jet order
BBDb
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AC
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TORONTO, June 28 (Reuters) - Air Canada AC.TO said on
Tuesday it had finalized an order to buy 45 Bombardier Inc
BBDb.TO CSeries jets with an option to purchase another 30, a
key deal for the Canadian planemaker.
The order, first announced in February, is valued at about
$3.8 billion, the companies said in a statement. It would
increase to $6.3 billion if the airline, Canada's largest,
exercises its option to buy the 30 additional jets.
The companies said deliveries were scheduled to begin in
late 2019 and extend to 2022.
The order was the first in 16 months for the CSeries
aircraft, which has been plagued by delays and
higher-than-expected costs, and is a major boost for Bombardier.
The planemaker last week signed a long-expected deal with
Quebec for the Canadian province to invest in its CSeries jets
and is also in talks with Canada's federal government over
possible investment, a deal that is proving harder to pull off.

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