Transport Canada certifies Bombardier CSeries commercial jet for service

MIRABEL, Que. -- After delays and cost overruns, Bombardier's US$5.4-billion CSeries passenger jet has been given the green light to enter into commercial service.

See Full Article

The largest plane built by the Montreal-based manufacturer was formally certified on Friday by Transport Canada.

Transport Minister Marc Garneau announced the go-ahead during a news conference at the aircraft's assembly facility in Mirabel, north of Montreal.

"This is a big day," Garneau said. "Major projects like the Cseries of Bombardier don't happen very often."

The 110- to 125-seat CS100 has undergone more than 1,000 test flights since its first flight on Sept. 16, 2013.

A series of challenges prompted Bombardier to delay the plane's entry in service by Lufthansa-owned Swiss Airlines until the first half of 2016.

The larger CS300 with up to 160 seats is scheduled to be certified and be delivered to launch customer AirBaltic in September.

Bombardier has high hopes that the plane's use of lightweight materials and fuel-efficient Pratt & Whitney engines will make it a long-term winner, especially in growing markets like China.

But the plane has been stuck at just 243 firm orders for more than a year, while there are very few delivery slots available in the initial years as it ramps up production to more than 100 planes a year in 2020.

Certification comes more than a decade after Bombardier unveiled plans to build a plane that would compete directly with the smaller airliners from Boeing and Airbus.

Bombardier's efforts to upscale from its popular regional jets has been supported by governments in Canada, Quebec and Britain which committed hundreds of millions of dollars in financial support.

However, the high costs of introducing a new plane prompted Bombardier in October to announce a US$3.2 billion writedown on the CSeries. That was the same day the Quebec government committed another US$1 billion for a 49.5 per cent stake in the CSeries.

Ottawa is reviewing a request for matching dollars.

Bombardier has said the government funding is reassuring potential customers who may have been concerned about Bombardier's financial ability to bring the jetliner to market.



Advertisements

Latest Economic News

  • Bogus bongs or bogus lawsuits? Pipe maker sues over fakes

    Economic CTV News
    FORT LAUDERDALE, Fla. -- Don't want to bum your buzz, but that expensive bong you got cheap to smoke your pot may be bogus. High-end German glass water pipe maker Roor and its American licensee are filing lawsuits against smoke shops and mom-and-pop convenience stores in Florida, California and New York. Source
  • 'There isn't a best card out there': How to choose a credit card that works for you

    Economic CBC News
    Credit cards are sometimes lambasted as high-cost consumer debt that can quickly get borrowers into trouble. But if you pay off the balance each month, credit cards can also have significant perks. Loyalty programs like Air Miles, which has both a standalone program and partnerships with credit cards, have drawn a lot of criticism lately, but Canadians are still attached to credit cards that offer rewards. Source
  • Chevron says it has won the latest round in an Ecuadorian legal battle

    Economic CTV News
    Oil giant Chevron Corp. says it has won a round in the Canadian courts in a complex legal battle with a group of Ecuadorian villagers who are trying to collect on a massive judgement they won in Ecuador's courts. Source
  • Liberals ask President Trump to approve Keystone XL pipeline

    Economic CTV News
    Canada’s natural resources minister says that he hopes the new U.S. administration will allow the Keystone XL pipeline quashed by Barack Obama to proceed, noting that all Canadian regulatory approvals are in place. Jim Carr spoke to CTV’s Power Play from Washington, D.C. Source
  • Apple depicts Qualcomm as a shady monopolist in US$1B lawsuit

    Economic CTV News
    SAN FRANCISCO -- Apple is suing mobile chip maker Qualcomm for $1 billion in a patent fight pitting the iPhone maker against one of its major suppliers. The 100-page complaint filed Friday in a San Diego federal court depicts Qualcomm as a greedy monopolist abusing its power in a key segment of the mobile chip market to extort royalties for iPhone innovations that have nothing to do with Qualcomm's technology. Source
  • Trump's 'America first' tone worries head of Canadian oil and gas industry group

    Economic CTV News
    Trump takes charge: Sworn in as 45th president of the U.S.A. Source
  • Obama administration urges Canada to reverse Super Bowl ad decision

    Economic CTV News
    OTTAWA - In one of its final communications with Canada, the outgoing Obama administration is engaging in pigskin politics: asking the Trudeau government to overturn a regulation affecting ads during the Super Bowl. The U.S. Source
  • Oil and stock prices higher as Donald Trump sworn in

    Economic CBC News
    Stock markets responded to the first day of the Trump Administration in a largely positive way, with the Dow Jones, the Nasdaq and the S&P 500 all higher on the day of his swearing in. The Dow Jones Industrial Average was up by nearly 100 points to 19,829 just minutes before the new president formally acceded to the position. Source
  • Stocks higher as Donald Trump lays out glimpse of future economic policies

    Economic CBC News
    Stock markets responded to the first day of the Trump Administration in a largely positive way, with the Dow Jones, the Nasdaq and the S&P 500 all higher on the day of his swearing in. The Dow Jones Industrial Average was up by nearly 100 points to 19,829 just minutes before the new president formally acceded to the position. Source
  • Stocks close higher as Donald Trump lays out glimpse of future economic policies

    Economic CBC News
    Stock markets responded to the first day of the Trump Administration in a largely positive way, with the Dow Jones, the Nasdaq and the S&P 500 all higher on the day of his swearing in. The Dow Jones Industrial Average was up by nearly 100 points to 19,829 just minutes before the new president formally acceded to the position. Source