16-Sep-2009 8:47 AM

Bombardier celebrates groundbreaking for CSeries aircraft manufacturing site

Bombardier Aerospace celebrated (15-Sep-2009) the groundbreaking of the first CSeries aircraft building in Quebec, Canada. The Complete Integrated Aircraft Systems Test Area (CIASTA) is a testing and systems-proving facility that will house a virtual CSeries test aircraft. The groundbreaking lays the path for the new aircraft’s entry into service in 2013. Meanwhile, Bombardier President, Guy Hachey, forecasts the company would see more ordering activity from mid-2010. [more] The aircraft currently has 50 firm orders, 25 each from Lufthansa and Lease Corp International.

Bombardier Aerospace: “This is a very, very difficult environment economically for our customers. If you are an airline, going to your board right now and saying you want to invest USD2 billion in capacity - it’s not easy. But airlines will have to replenish the fleet. The orders will be there. Our view is that we are bouncing off the bottom. We will probably have another three quarters of being at the bottom or just slowly going up. After that, GDP should be picking up in the 2% to 3% range. We feel that sometime next year, in the middle of the year, we should start to see a lot more activity,” Guy Hachey, President. Source: Bloomberg, 15-Sep-2009.

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