Business

Bombardier seeks North American buyers for CSeries jet

Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.

An order from a major U.S. airline would help restore confidence in troubled jet program

Canadian company Bombardier's much-anticipated new commercial jet, the CSeries 100, is years behind schedule and millions over budget. Bombardier is seeking a major North American airline to place an order. (Ryan Remiorz/Canadian Press)

Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.

Montreal-based Bombardier has redoubled efforts to win a landmark order for the CSeries after failing to sell the program to rival Airbus, and is pitching the jets hard to airlines in North America, said two sources familiar with the matter.

Bombardier said it is on track to certify its new CSeries CS100 jet by the end of the year, and is 100 per cent committed to the program, which has not won a new firm order in over a year.

The plane is now entering the final stage of flight testing, with all the high risk testing completed, according to Ross Mitchell, Bombardier vice-president of business acquisition.

The sources said Bombardier was pitching Southwest Airlines Co and American Airlines Group Inc, as well as similar airlines. One source said Bombardier was also pushing to sell the jets in China.

"We are in some pretty advanced discussions," said Bombardier spokeswoman Marianella de la Barrera. "Our senior leaders are engaged."

Air Canada, Canada's biggest airline, is seen by many as an obvious potential customer for the CSeries. The company declined to comment on Friday. American Airlines also declined to comment.

'Nothing in the works'

"We have nothing in the works that would have our customers expecting to see anything but a Boeing bird when they walk up to a Southwest gate," said a Southwest spokesman.

A new order from a major U.S. airline would help restore confidence in the CSeries program, which has not won a new firm order in more than a year.

But Bombardier may need to offer steep discounts to lure mainline carriers from Airbus and Boeing Co, which have deep relationships with those airlines, and have also cut prices to protect their market share.

Talks between Airbus and Bombardier about Airbus investment in the CSeries ended abruptly on Tuesday after reports of the talks were made public.

The Globe and Mail is reporting today that Bombardier has approached Brazil's Embraer about a potential partnership around the CSeries.