* Bombardier CEO denies German report of sale to China firm
* Beaudoin in talks with China firm on cooperation
* Bombardier's C-series competes with Boeing, Airbus
By David Ljunggren
BEIJING, Feb 8 Canadian plane maker
Bombardier Inc on Wednesday flatly denied a media
report that it could sell a stake in its commercial aviation
unit to the state-owned Commercial Aircraft Corp of China.
Bombardier shares had risen more than 3 percent in Toronto
trading on Tuesday, helped higher by the report in Germany's
Analysts said such a deal could give Bombardier, the world's
third-largest commercial plane maker, access to China's
fast-growing aviation market.
"We don't understand where they came up with this ... It is
completely false. There is no truth to it," Bombardier CEO
Pierre Beaudoin told Reuters in an interview in Beijing.
Bombardier signed a framework deal with Comac last March to
collaborate on commercial aircraft. The agreement could see the
two sides cooperate on Bombardier's C-series aircraft and
Comac's C919 plane.
The two sides have yet to sign a completed deal.
"They have their own priorities. Our aircraft is quite
advanced -- we're a year or two ahead of them," said Beaudoin,
who is Beijing with a Canadian business delegation led by Prime
Minister Stephen Harper.
Bombardier is less than two years away from launching the
C-Series, a $3 billion plan to build its biggest plane yet and
take on industry giants Boeing and Airbus.
Sales of the narrow-body jet, aimed at the 100- to 149-seat
market, have been sluggish and weighed on Bombardier's stock
price. But Beaudoin said he was happy with the state of the
"We have 138 firm orders. For us, that perfectly meets our
expectations. We have a two-and-a-half year backlog ... we're
perfectly happy as it stands with orders," he said.
Beaudoin declined to comment on a report by Canada's
Business News Network which said U.S. airline Republic Airways
Holdings Inc -- the largest customer for the C-series
-- was concerned about low order levels for the airliner.
All customers with firm orders had confirmed they would be
taking delivery of their aircraft, he said.
Beaudoin said he saw potential for more sales in Asia, which
he said would make up around 25 percent of the future world
market for commercial aircraft.