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Air Canada will firm up Bombardier Inc CSeries order within ‘weeks,’ CEO says

Calin Rovinescu, right, president and CEO of Air Canada, listens to Alain Bellemare, president and CEO of Bombardier Inc., during a news conference Wednesday, February 17, 2016 in Montreal.

Air Canada will set its CSeries order within “weeks,” but some degree of government funding will still be essential to help Bombardier Inc. succeed, the airline’s chief executive said Monday.

“It’s coming together pretty quickly now,” Air Canada CEO Calin Rovinescu told reporters when asked how quickly the airline will turn its letter of intent into a firm order.

“We’re looking at a reasonably short timeframe, as with the following weeks. It’s not going to be a long, drawn-out affair.”

Once this occurs, Air Canada will end up the first firm CSeries customer Bombardier has snagged since September 2014. The offer, which is for 45 from the larger CS300 aircraft, will bring the entire quantity of firm orders for that CSeries to 288, tantalizingly near to Bombardier’s objective of having 300 around the books once the aircraft enters service come july 1st.

Air Canada’s order is worth US$3.8 billion at list prices, even though it has been reported the airline received a substantial discount. It is Bombardier’s first CSeries order from a major United states airline, and also includes an option for 30 more aircraft.

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