Bombardier sells 5 more CSeries for $309M

TORONTO: Geneva-based PrivatAir has placed an order for a potential $636 million worth of Bombardier Aerospace’s CS100 airliners.

There is a firm order for five of the CS Series aircraft still in the design phase worth $309 million and an option to purchase five more for a total of $636 million.

PrivatAir, founded more than 30 years ago, operates a large fleet of commercial and business aircraft for private charter and private airline services that exclusively business class flights on behalf of several major network airlines. The company has ordered the aircraft as in the all-business class configuration.

The CSeries is competing in the 100- to 149-seat market. So far Bombardier has 11 customers for the more fuel-efficient aircraft that Bombardier claims will offer airlines a 15% operating costs and 20% fuel burn advantage.