Bombardier announced today in Beijing that Chinese lessor  CLC (CDB Leasing) is a previously unannounced customer for the CSeries, and that with its firm order for 5 CS100 and 10 CS300 aircraft, also has options an additional 15 jetliners.  The announcement was made in the presence of Xi Jinping, President of the People’s Republic of China, a number of Canadian dignitaries and ministers, Wang Chong, the chairman of CLC, and Mike Arcamone, President of Bombardier Commercial Aircraft.CDB Leasing Logo

This contract options, if executed, would take the total from 15 to 30 aircraft.  This is good news for the CSeries program, which has a of 177 firm orders, 123 short of its goal for 300 by entry into service late next year.  If the options are executed, that would bring the total to 192. Since first flight, Bombardier has experienced increased attention for CSeries, and we expect Bombardier to reach their goal.  Among the interested parties is a reported potential 100 aircraft order from Lion Air that could be announced at Farnborough next July, and several active aircraft campaigns in progress , including Air Canada and American Airlines.

With significant Chinese content on the CSeries, including construction of fuselage sections, an order for a Chinese airline or lessor has long been expected.  With the growth in regional traffic in China, the CSeries is well suited to domestic operations within the country.  Wang Chong, President of CLC, said “Given ongoing high fuel prices and increased environmental concerns, older and less efficient aircraft represent one of the greatest challenges to airlines.  Following an in-depth analysis of existing and re-engined aircraft, the CSeries family of airlines, with its unmatched economics, advanced technology, excellent operating flexibility, as well as its outstanding performance seemed like the obvious choice and shows great potential for operators in China and abroad.”

CDB Leasing is a subsidiary of China Development Bank, and was previously known as Shenzen Finance Leasing Company. CDB’s airline customers include Air China, AirBerlin, Cebu Pacific, China Eastern, China Southern, China United, Emirates, Hainan, Norwegian Air Shuttle, Philippine Airlines, S7, Shandong Airlines, Shanghai Airlines, Shanghai Cargo, TAP Portugal and Varig.

 

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