UPDATE 2-Bombardier gets more C-Series good news, firms up order

Thu Dec 20, 2012 3:51pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* AirBaltic firms up tentative order for 10 planes

* C-Series is Bombardier's all-new, in-development plane

* Bombardier got LOI on Wednesday for 12 C-Series jets

* Bombardier stock rises more than 3 percent

Dec 20 (Reuters) - Shares of Bombardier Inc rose on Thursday after its new C-Series jet program received its second dose of good news in as many days when Latvia's airBaltic firmed up a tentative order for 10 of the narrow-body commercial planes.

The announcement came hot on the heels of news late on Wednesday that an airline based in the Americas had signed a letter of intent to buy 12 C-Series jets, with options for another 18 aircraft, ending a five-month order drought for the 110- to 149-seater plane.

Orders for the all-new C-Series, Bombardier's bold $4 billion bet on its biggest plane yet, have been slow, standing at only 148 some 18 months ahead of the aircraft's entry into service.

The tentative order from the unnamed Americas-based airline was positive as it is the first commitment from a customer since Bombardier announced last month that it was delaying the C-Series' inaugural flight by six months, National Bank Financial analyst Cameron Doerksen said.

That said, the back-to-back announcements from Bombardier this week were likely to be coincidence and did not signal a sudden unleashing of interest in the plane, he said.   Continued...