Bombardier wraps up successful week at Farnborough show
Transportation giant leaves Farnborough International Airshow with orders, commitments worth US$4.25 billion
MONTREAL—Transportation giant Bombardier Inc. said its aerospace division wrapped up a successful outing at the Farnborough International Airshow in Britain this week, landing orders and commitments worth US$4.25 billion.
According to Bombardier, its aerospace unit received firm orders, conditional purchase agreements and letters of intent for 74 aircraft at the show, with a combined value of more than US$4.25 million at list prices.
“It has been a great week for Bombardier at the Farnborough Airshow, and I’m very pleased with the momentum we’re building across our entire product portfolio,” Bombardier Aerospace president and CEO Guy Hachey said in a statement.
“Our discussions with customers have progressed, and we were very pleased to make a number of announcements. Throughout the week, our customers have repeatedly demonstrated their confidence in our products, and our presence at the show has given us an opportunity to further our relationships with many of our key stakeholders.”
Bombardier kicked off the airshow by announcing the signing of two letters of intent for as many as 24 CS100 aircraft by Falko Regional Aircraft Ltd.
Throughout the week, China’s Zhejiang Loong Airlines Co., Ltd., as well as Petra Airlines Ltd., based in Jordan, and an undisclosed African airline, placed orders for CSeries aircraft, boosting the trouble program’s stock as it inches closer to launch.
The firm also netted orders for its Q400 NextGen program.
Bombardier’s larger rivals also proclaimed success following Farnborough, with Airbus SAS and Boeing Co. announcing orders worth a combined US$115 billion from the show.