Dec 4 Bombardier Inc said on Wednesday
that Iraqi Airways has signed a firm purchase agreement to
acquire five of its larger CSeries jetliners, ending a six-month
order drought for the new plane.
The CS300, which seats between 130 and 160 passengers, is
part of Bombardier's $3.4 billion program to build an all-new
narrow body jetliner to compete with the smaller planes built by
aerospace giants Boeing Co and Airbus.
The $387 million agreement with Iraq's national carrier
follows a letter of intent announced last month. It brings the
total number of CSeries firm orders to 182.
Iraqi Airways has options on 11 additional CS300s, making
the potential value of the deal at $1.26 billion at list prices.
Bombardier has repeatedly said it expects to have 300 firm
orders by the time the CSeries boards its first commercial
passenger, currently slated for next fall.
But firm orders have been slow after some nine months of
development delays, with potential customers waiting for flight
test data to confirm Bombardier's fuel and cost savings claims.
This is the first firm order since Ilyushin Finance's order
announced on June 4.
Bombardier has said test flights, which began in September,
are going according to plan. But analysts still widely expect
the entry-into-service date - initially set for an aggressive 12
months from first flight - to be pushed back.
Bombardier said on Tuesday it had replaced its head CSeries
salesman with an experienced executive from its business jet