29/09/2014

New Order For Bombardier CSeries

One of the largest orders to date has been placed with Bombardier.

The organisation's Belfast division has received an order for 50 new CSeries aircraft.

It is understood 40 of the CS300 aircraft are being purchased by Macquarie AirFinance in a deal valued at around £1.84bn. The firm also has an option to purchase 10 more of the jets.

Macquarie AirFinance, currently owns or manages 136 jet aircraft leased to 73 operators in 43 countries across six continents. They will lease the CS300 aircraft to airline operators around the world.

The wings for the aircraft will be constructed in Belfast and 800 jobs will be supported by the investment. It is thought delivery of the machines will be on a phased basis from 2017 to 2019.

In a statement, Mike Arcamone, President, Bombardier Commercial Aircraft, said: "Macquarie AirFinance's selection of the CS300 aircraft is a strong endorsement of the aircraft type and we are looking forward to working with this unique lessor to expand the market for our 100%-new jetliner.

"We anticipate continued momentum in the CSeries aircraft program as we confirm our performance predictions for the aircraft."

Stephen Cook, Chairman of Macquarie AirFinance, added: "We welcome the addition of Bombardier's CS300 to Macquarie AirFinance's portfolio. This agreement is consistent with Macquarie AirFinance's approach of seeking carefully considered transactions to expand the reach of our successful aircraft leasing business."

(JP/CD)

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