AIRSHOW-Bombardier likely to unveil C-Series order-source

FARNBOROUGH, England, July 18 (BestGrowthStock) – Canada’s
Bombardier (BBDb.TO: ) is likely to announce at least one order
for its new C-Series plane at the Farnborough Airshow this
week, a source familiar with the project told Reuters on
Sunday.

The move could put pressure on Boeing (BA.N: ) and Airbus
(EAD.PA: ) to upgrade their own narrow-body airplanes, the source
said, asking not to be identified.

“There is serious interest in the airplane,” said the
source, who has direct knowledge of the program.

There has been speculation that airlines such as Qatar
Airways may place an order for the new 110-130 seat Bombardier
jet, which aims to compete with Airbus and Boeing at the lower
end of their 110-185 seat short- and medium-haul passenger
jets.

“We are talking to many customers about C-Series. We are in
no position to confirm any new orders for C-Series … simply
because it hasn’t happened,” said John Arnone, a spokesman for
Bombardier Commercial Airplanes.

Qatar Airways has called a news conference immediately
after Bombardier on Monday, but has not disclosed the subject.
The airline is also an active buyer of other aircraft.

Asked if Bombardier could make any big announcements at the
biennial air show this week, the source said, “That is
certainly a strong possibility.”

Bombardier has secured orders for 90 of the C-Series
planes, which sell for around $50 million to $77 million at
list prices, as well as 90 options. Arnone added Bombardier has
more than 60 active “campaigns,” or ongoing talks with
potential customers.
(Reporting by Andrea Shalal-Esa and Kyle Peterson, Editing by
Maureen Bavdek)

AIRSHOW-Bombardier likely to unveil C-Series order-source