Canadian Manufacturing

Bombardier cuts 2016 CSeries production forecast by more than half

The beleaguered Montreal-based plane maker blamed delayed deliveries from engine supplier Pratt & Whitney for the production cut


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Bombardier's CSeries update gave the company a boost in trading Thursday, sending shares up nearly 7 per cent. PHOTO Bombardier

Bombardier has been dogged by a number of production issues that have delayed the CSeries plane by more than two years. PHOTO Bombardier

MONTREAL—Bombardier Inc. says it now expects to deliver only seven of its new CSeries jets this year—not 15 as it had expected earlier.

The Montreal-based company says the revised forecast is the result of delayed engine deliveries from its supplier, Pratt & Whitney.

The CSeries program is 2 1/2 years behind schedule and billions over budget.

Bombardier says it still expects to produce 90 to 120 of the CSeries aircraft per year by 2020 but in the near term 2016 revenue will be at the low end of its forecast range, which is between US$16.5 billion and US$17.5 billion.

It says the two CS100 planes that are already in service at Swiss International Air Lines have performed well and it expects to deliver a third CS100 jet to the airline next month.

The larger CS300 is expected to enter service with airBaltic in the fourth quarter.


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