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

Arctic Exploration Permits In Sensitive Arctic Area May Be Expired

Environmentalists say talks on creating a third national marine conservation area are being held up over Arctic offshore energy exploration permits that may not legally exist.

Arctic Exploration Permits In Sensitive Arctic Area May Be Expired

RCMP Say Sexual Assault May Be Related To Other Incidents At UBC

Police say a 20-year-old woman has been sexually assaulted on the University of British Columbia campus.

RCMP Say Sexual Assault May Be Related To Other Incidents At UBC

Toxins May Have Caused Skewed Sex Ratio In Killer Whale Calves: Researcher

The calf, known as J54, is one of eight babies born into the Southern Resident Killer Whale population since Dec. 30, 2014, but only one of the calves has been confirmed as a female.

Toxins May Have Caused Skewed Sex Ratio In Killer Whale Calves: Researcher

Could Be Six To Eight Months Before Judicial Process Moves Forward For Neil Bantleman

The family of a Canadian teacher jailed in Indonesia says it will take another six to eight months before he can feasibly be freed.

Could Be Six To Eight Months Before Judicial Process Moves Forward For Neil Bantleman

Worker Dead After Incident At Nanaimo, B.C., Pulp Mill

They found a man in his mid-30s who pronounced dead at the scene.

Worker Dead After Incident At Nanaimo, B.C., Pulp Mill

Crews Make Progress Battling Fire In Massive Mountain Of Construction Debris

The fire chief of a small town in Nova Scotia says crews are entering the final stages of battling a blaze at a waste processing and treatment site that's been burning for five days.