April 9, 2013 / 7:38 AM / 4 years ago

Canada's Porter Airlines to finalize Bombardier plane deal: WSJ

A security guard looks on as Bombardier unveiled its CSeries aircraft at a news conference at its assembly facility in Mirabel, Quebec, March 7, 2013.Christinne Muschi

(Reuters) - Canadian carrier Porter Aviation Holdings Inc is set to announce an order for up to 30 C-Series jets made by Bombardier Inc, the Wall Street Journal reported, citing two people familiar with the deal.

Montreal-based Bombardier said in December an airline based in the Americas had signed a letter of intent to buy 12 C-Series aircraft, with options for another 18 narrow-body commercial planes, in a transaction worth up to $2.08 billion.

The deal, which is expected to be announced as early as Wednesday, will finalize the letter of intent Porter signed with Bombardier in December, the Journal reported on Tuesday. (link.reuters.com/daz27t)

Bombardier delayed the C-Series' inaugural flight by six months in November due to problems with suppliers and had seen sluggish demand for the 110-to 149-seater plane until this deal.

Bombardier spokesman Marc Duchesne declined to comment to the Journal, while a Porter spokesman was not available.

Neither Bombardier nor Porter could be reached for comment by Reuters.

Reporting by Garima Goel in Bangalore; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below