National

Delta Air Lines On The Cusp Of Placing Large Order For Up To 125 Cseries: Report

15 Apr, 2016 11:49 AM

MONTREAL — Delta Air Lines is reportedly on the cusp of ordering up to 125 CSeries commercial jets from Bombardier.

The Wall Street Journal, quoting three people is says are familiar with the negotiations, says a deal on firm orders for 75 planes and options on 50 others is expected to be finalized by the end of April when the Atlanta-based airline holds a board meeting.

Delta's incoming CEO, Ed Bastian, says the airline plans to provide more information about its fleet renewal plans at an investor day May 16. Bombardier (TSX:BBD.B) declined to comment on the report.

Delta is seeking to replace its aging fleet of McDonnell Douglas MD-80 jets.

If confirmed, the order would be an important boost to the struggling Montreal-based aircraft manufacturer. It has booked orders and commitments for 678 CSeries aircraft, which includes firm orders for 250.

The delayed and overbudget aircraft is slated to enter into service with CS100 deliveries to Swiss Airlines by the end of June, with the larger CS300 with up to 160 seats following by year-end.

On the Toronto Stock Exchange, Bombardier's shares closed up almost seven per cent at $1.53 in trading Thursday.

Prev Next

MORE National ARTICLES

Tom Mulcair Returns To The Commons After Emotional, Divisive Convention

Mulcair plans to remain at the helm of the NDP until a successor is chosen, up to two years from now.

Tom Mulcair Returns To The Commons After Emotional, Divisive Convention

Loonie Soars To Highest Level In Half A Year As Crude Prices Climb Above US$40

The trading week started Monday with a bang, as the Canadian dollar soared to its highest level in half a year on the back of rising crude and gold prices.

Loonie Soars To Highest Level In Half A Year As Crude Prices Climb Above US$40

Police Break Up Suicide Pact Of 13 Young People In Attawapiskat, Ont.

An aboriginal official in northern Ontario says a nine-year-old child and 12 other youths were overheard making a suicide pact Monday on a remote First Nation mired in a suicide crisis.

Police Break Up Suicide Pact Of 13 Young People In Attawapiskat, Ont.

Labour Groups Lobby Alberta For Universal Early Childhood Education Program

EDMONTON — Labour groups are lobbying Alberta's NDP government to set up universal early childhood education and child care.

Labour Groups Lobby Alberta For Universal Early Childhood Education Program

Parents Of Autistic Kids Demand Ontario Not Cut Five-year-old Kids Off Wait List

TORONTO — Dozens of parents of children with autism are at the Ontario legislature today demanding the government reverse a decision to defund intensive therapy for children five and older.

Parents Of Autistic Kids Demand Ontario Not Cut Five-year-old Kids Off Wait List

Final Cost Of 2015 Alberta Election Almost $19m: Chief Electoral Officer

He said costs went up due in part to Alberta's 10 per cent population increase and because then-premier Jim Prentice decided to drop the writ a year early.