- Development of CSeries aircraft family continues; discussions with limited number of international partners progressing
- Next update on status of the program to be provided in late March 2007
Bombardier confirmed today that it will continue to refine its CSeries business plan. The program's team continues to optimize the aircraft configuration to meet customers' requirements for a more economical, flexible and passenger-oriented airliner. The new target date for entry into service is now 2013.
"The decision process related to the launch of an aircraft program with more than a 20-year lifespan takes time and requires a well-defined business plan to ensure the program's long-term success," said Pierre Beaudoin, President and Chief Operating Officer, Bombardier Aerospace. "As we have previously confirmed, the CSeries plan includes international partnerships, and discussions are progressing. We continue to see the lower end of the 100- to 149-seat market as a segment with a solid potential. We will provide the next update on the status of our CSeries aircraft program in late March 2007."
New developments under consideration include increased use of composite material for the wing and fuselage and the next-generation engine technology, which could yield up to 15 per cent better fuel burn than the existing technology on aircraft in production today.
Heightened customer and supplier interest confirm Bombardier's belief in addressing the lower end of the 100- to 149-seat market segment, estimated at 5,800 aircraft over the next 20 years.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
Bombardier and CSeries are trademarks of Bombardier Inc. or its subsidiaries.
Note to Editors
Bombardier will hold a conference call for institutional investors, analysts and media representatives as follows:
DATE : Wednesday, January 31, 2007
TIME : 10:30 a.m., Eastern Standard Time
There will be two question periods during the conference call. The first question period is intended for institutional investors and analysts. It will be followed by a second question period intended for media representatives.
Institutional investors, analysts and media representatives wishing to participate in the conference call can do so by dialing one of the following numbers:
1-866-540-8119 (toll-free in North America)
+800-2787-2790 (international overseas calls)
|In English:||514-394-9319 or
1-866-240-8935 (toll-free in North America)
+800-2492-4460 (international overseas calls)
|In French:||514-394-9317 or
1-888-791-1369 (toll-free in North America)
+800-4994-8960 (international overseas calls)
This conference call will also be broadcast live on the Internet at the following address: www.bombardier.com
Tel: (514) 855-7989