UPDATE 2-Bombardier revenue rises; CSeries faces delivery delay
* 2nd-qtr net earnings/shr $0.10 vs $0.08 year earlier
* Revenue rises 8 pct
* Entry-into-service expected 12 months from first flight
By Solarina Ho
Aug 1 (Reuters) - Canadian plane and train maker Bombardier Inc reported a 22 percent rise in second-quarter profit on Thursday as its train business grew, but pushed back the date when its all-new C-Series plane will be ready for delivery.
Bombardier Inc, the world's fourth largest planemaker and largest trainmaker, insisted the new plane would still enter service a year from the first flight. It has already pushed back that first flight three times and now says it is due to fly in the coming weeks.
"So we have a delay of two months from first flight, the entry into service will be two months delayed." Chief Executive Pierre Beaudoin said on a conference call with analysts and media.
The $3.4 billion CSeries program is Bombardier's ticket to the larger commercial jet market dominated by Boeing Co and Airbus. The CSeries is a single-aisle aircraft family with seating for up to 160 passengers.
Many industry observers have been skeptical about the company's target to put the plane into service by mid-2014, although Lufthansa, the CSeries launch customer, said last week it was not overly concerned by the latest delay. Continued...