Bombardier says cost of CSeries rose to $3.9 billion

Mon Sep 16, 2013 2:36pm EDT
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MIRABEL, Quebec, Sept 16 (Reuters) - Bombardier Inc said on Monday that the cost of developing its CSeries jetliner had climbed to about $3.9 billion from its previous estimate of $3.4 billion.

Michele Arcamone, president of Bombardier Commercial Aircraft, said at a press conference that the figure had climbed as the development progressed and the costs became more clear. He said the aim is to keep the cost below $4 billion. The updated figure came on the day the new plane made its first flight.