Bombardier CSeries cost estimate rises to $5.4 billion

Thu Feb 12, 2015 9:58am EST
 
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TORONTO Feb 12 (Reuters) - The cost of Bombardier Inc's high-stakes CSeries jet program is now pegged at about $5.4 billion, outgoing Chief Executive Pierre Beaudoin said on Thursday.

The Canadian plane and train manufacturer has repeatedly raised the estimated cost of the new jet. Last February it said costs would rise by $1.05 billion, which brought the total to $4.95 billion.

Beaudoin was speaking on a conference call with analysts, investors and media.

(Reporting by Allison Martell; Editing by Chizu Nomiyama)