Bombardier Confirms CSeries Airplane Details

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Life just got a little bit harder for Boeing (NYSE: BA  ) and Airbus, the two incumbent giants of the global airplane industry. On Thursday, Canadian airplane-and-locomotives builder Bombardier (NASDAQOTH: BDRAF  ) drew the curtain on its new CSeries passenger aircraft, revealing a plane that is "making solid progress," and just about ready to begin flight testing.

The new CS300 airplane, which will be powered by United Technologies (NYSE: UTX  ) subsidiary Pratt & Whitney's PurePower Geared Turbofan, is capable of seating up to 160 passengers, putting it in the same league with Boeing's venerable 737, or Airbus's A320 line of aircraft. Bombardier noted that it's primarily targeting the 100- to149-seat market segment, roughly the same size as a Boeing 737-200. 

Boasting that once the plane begins selling, it will offer "best-in-class seat mile costs and comfort," Bombardier threw down the gauntlet in front of the incumbents. Already, global airlines are rushing to pick it up. To date, Bombardier says it has booked "orders and commitments" for 382 CSeries aircraft, with 148 of these being "firm" orders. 

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  • Report this Comment On May 18, 2013, at 8:10 PM, EllenBrandtPhD wrote:

    Posted Saturday for or those who avidly follow Bomber - which needs regular Fool coverage besides Fool.Canada, if Fool.Canada does not allow Comments streams!

    Re CT crash: Seems to be Kawasaki train - with GE safety system? - so net Bullish for Bombardier, which has won quite a few awards for its newest train safety systems lately.

    But an older - very old? - DeHavilland was involved in plane incident in NJ. Probably a maintenance issue, with Piedmont at fault, though too early to tell. I've flown that airline, and many of their planes seem to be ancient.

    Probably neutral for Bombardier, or eventually Bullish, if airline in question decides it needs faster replacements.

    As I posted on Reuters Friday morning, there was some fabulous news for Bomber after the Bell on Thursday.

    Easy Jet in the UK gave interview saying they would almost definitely order additional C-series soon.

    This is Bullish on at least two fronts:

    First of all, Easy Jet is the UK equivalent of West Jet - or the aspiring Porter - meaning it may be very interested in trying for UK to Toronto routes and slots at Bishop, if the Bishop expansion pans out, and/or hooking up with one of the similar Canadian carriers to offer packages of flights and leisure services on both sides of the Atlantic.

    Second, one has to wonder if this has something or other to do with Derby, which remains a hotly contested issue in UK politics.

    Could Derby workers be retrained or even rehired to transfer their manufacturing skills from trains to planes? Would the desperate-for-growth UK government offer Bomber attracitve new incentives, after scaring them away?

    Anyone near this stock should remember that it was doing very, very well, before the fiasco gutting Derby in favor of Siemens - which STILL has not had its Thameslink deal finalized, after two years of armed conflict - metaphorically speaking - between Labour and the Tories.

    Clearly, the Cameron government knows it has to backtrack.

    Will it now go out of its way to help Derby recover?

    Could be.

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