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Air Canada finalized $3.8 billion order with Bombardier

Staff writer |
Bombardier Commercial Aircraft and Air Canada said that they have finalized a firm purchase agreement consistent with the Letter of Intent (LOI) announced in February 2016.

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The purchase agreement includes a firm order for 45 CS300 aircraft and options for an additional 30 CS300 aircraft.

"I'm pleased to officially welcome Air Canada to our CS300 family of operators as one of our largest customers and early adopters," said Alain Bellemare, president and chief executive officer, Bombardier.

"Over the past few years, we've been making transformative moves to boost our competitiveness and customer satisfaction to better position us for growth and continued success.

"Finalizing the CS300 order is a key element to Air Canada's strategy to build one of the world's youngest and most fuel efficient fleets," said Calin Rovinescu, president and chief executive officer, Air Canada.

Deliveries are scheduled to begin in late 2019 and extend to 2022. At list price, the firm order for 45 CS300 aircraft is valued at approximately $3.8 billion.

"This amount would increase to $6.3 billion should Air Canada exercise all 30 option aircraft.

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