September 5, 2016
Bombardier has received its final installment out of the $1 billion investment promised by the provincial government of Quebec, towards completing C-Series development and transitioning the program for production ramp-up. Under the terms of the arrangement, the government of Quebec will hold a 49.5% share in the C-Series program.
Bombardier has announced plans to temporarily suspend production of its Global business jet for an unspecified period next year, in response to sluggish demand for large business jets. The manufacturer expects to reduce its production of the Global 5000 and 6000 models from 80 to around 50 per year. The news comes on the heels of an announcement that Bombardier has also fallen behind in delivery of a light rail locomotive prototype for Toronto's Eglinton Crosstown transit line.
The third Embraer E190-E2 prototype joined the flight test program on August 27th, as part of an aggressive flight test effort. Embraer commercial programs VP Rodrigo Silva e Souza pointed out that "It took the C-Series seven months to get to this point and the Mitsubishi MRJ has yet to get there."
Mitsubishi plans to reschedule the ferry flight to the United States for its first MRJ prototype to late September, following two failed attempts last week that were turned back due to cabin air conditioning problems.
LATAM Airlines Group became the first airline in the Americas to receive the new A320 NEO this past week. The airline has a total of 48 A320 NEOs on order, plus 19 A321 NEO models, all powered by Pratt & Whitney PW1100G Geared TurboFan engines.
Ryanair Holdings has expressed an interest in picking up any cancelled orders for the Boeing 737, should any arise in the coming months, as the discount airline hunts for bargains. The airline is also looking to increase its order book for 737 MAX deliveries, above and beyond the 100 aircraft currently on contract.