Shortly before that announcement, Bombardier received a firm order for 16 new-generation CS300 jets for
A delay of the CSeries delivery was widely anticipated due to the small number of test flights since
The company initially targeted 12-months of test flights, with the first CSeries plane going into service within a short but undefined period after that.
The plan announced Thursday provides Bombardier a six-month window for getting the first CSeries into service,
"We are taking the required time to ensure a flawless entry-into-service. We are very pleased that no major design changes have been identified, this gives us confidence that we will meet our performance targets," stated
Arcamone said the CSeries test program should gain traction in the coming months following the first flight of the second 110- to 125-seat CS100 test aircraft, on
"It is no surprise that the EIS date has been pushed to the right," he wrote in a report. "However, the new date is even later than our expectation and certainly beyond the consensus view...for the first quarter 2015."
Doerksen said the delay could add several hundred millions of dollars to the
He said the "clearly negative news" is tempered somewhat by an order from SaudiGulf, announced Thursday before the delay was revealed.
"We believe further negative news could be announced by Bombardier in the near-term (from) reduced margin guidance, possible miss on 2013 aircraft deliveries."
He suspects the delay is prompted by issues with the aircraft's avionics and fly-by-wire system since it continues to fly under "direct" mode.
Meanwhile, Bombardier spokesman
"This is serious. Trust me, people are not happy about this and we're not proud of this," he said in an interview.
The company gave similar assurances before again delaying the aircraft's first flight. The aerospace industry has a poor track record of delivering new aircraft on schedule.
Bombardier hopes the fuel-efficient aircraft that's been in development for a decade will be a game-changer for the company, whose regional jets face an uncertain future amid increased competition, and which is the world's leading producer of business jets.
The program is expected to generate
The newly designed aircraft, built partially with lightweight composite materials and powered by
Duchesne said CSeries suppliers are on board with the delay and customers have been notified over the past couple of days.
"Of course they're not happy about it but they're definitely supportive."
In the earlier announcement, Bombardier said SaudiGulf's contract would increase to
The agreement with
The manufacturer has stated it hopes to secure 300 firm orders from more than 20 customers by the aircraft's entry-into-service.
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