Bombardier to host CSeries event Friday as plane's certification in offing

MONTREAL -- After years of delays and cost overruns, Bombardier's CSeries commercial aircraft appears on the verge of being certified by Canada's transportation regulator.

See Full Article

The Montreal-based manufacturer is holding a news conference Friday morning in Mirabel to provide an update on the 110- to 125-seat CS100, the smaller of two planes in the US$5.4-billion CSeries program.

Several government officials, including federal Transport Minister Marc Garneau, are slated to be on hand to join top company executives for what has been billed as an "important announcement."

Bombardier has said it expected to get the green light on certification by the end of the year. However, a company official declined to confirm if certification would be announced.

The last large media gathering at the CSeries assembly facility north of Montreal was in February for the first flight of the larger CS300, which is expected to see its first deliveries in September.

Bombardier (TSX:BBD.B) has received 243 firm orders for both models of the plane. The CS100 is expected to enter into service with Lufthansa by mid-2016, several of months ahead of the CS300.



Advertisements

Latest Economic News

  • Asian stocks mixed in sluggish trading

    Economic CTV News
    TOKYO - Shares were meandering in sluggish trading in Asia on Thursday as investors awaited the inauguration of Donald Trump as president. Japan's benchmark rose after the dollar slipped against the yen. KEEPING SCORE: Japan's Nikkei 225 gained 0.7 per cent to 19,027.09 and Australia's S&P ASX 200 added 0.2 per cent to 5,692.70. Source
  • Samsung exec wins court ruling in Korea scandal probe, but could still be indicted

    Economic CBC News
    A South Korean court on Thursday denied a special prosecutor clearance to arrest the head of Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. Source
  • Hawaii bill aims for 100 per cent renewable transportation

    Economic CTV News
    HONOLULU -- Hawaii has the most aggressive renewable energy targets in the nation, aiming for its utilities to get 100 per cent of their electricity from renewable sources by 2045. Now advocates want to extend that goal to the transportation sector to urge all forms of ground transportation to fuel up using renewable sources by 2045. Source
  • JPMorgan settles mortgage discrimination lawsuit

    Economic CTV News
    NEW YORK -- JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis. While the settlement is not a big financial dent to the giant bank, the cases illustrate the depth of the mortgage quagmire that has trailed the financial sector for a decade. Source
  • Netflix's shrinking DVD service faces uncertain future

    Economic CTV News
    SAN FRANCISCO -- Originally cast in a starring role, Netflix's original DVD-by-mail service has been reduced to a bit player -- one that may eventually get killed off as the company focuses on its booming video streaming service. Source
  • Vegemite being sold by Oreo-maker Mondelez

    Economic CTV News
    NEW YORK -- Vegemite, the salty spread beloved in Australia, is being sold by the maker of Oreo cookies to an Australian dairy company. The spread and other grocery products are being sold by Mondelez to Bega Cheese in a deal worth about $345.3 million (460 Australian dollars). Source
  • Expect Fed to gradually hike rates over next 3 years: Yellen

    Economic CTV News
    WASHINGTON -- Federal Reserve Chair Janet Yellen says she expects the Fed to raise its benchmark interest rate several times a year through 2019, as it moves closer toward to its economic goals of maximum employment and stable inflation. Source
  • U.S. Labor Department sues JPMorgan over sexual discrimination

    Economic CTV News
    NEW YORK -- The U.S. Department of Labor is suing JPMorgan Chase & Co. for discriminating against female workers. The federal agency said Wednesday that its review found that at least 93 female workers in an investment-bank division earned less than comparable men in the same jobs since at least May 2012. Source
  • Air Transat to test taxiing system that could cut emissions

    Economic CBC News
    Air Transat is planning to test and deploy a new system next year that would allow an aircraft to taxi from the runway to the gate without having to use a plane's engine, thereby cutting operating costs and greenhouse gas emissions. Source
  • Loonie down more than a cent after Poloz leaves door open to rate cut

    Economic CBC News
    The Canadian dollar was dragged down more than a full U.S. cent on Wednesday, following comments from the Bank of Canada that an interest rate cut "remains on the table" if conditions warrant. The loonie lost 1.16 U.S. Source