Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bombardier Wins Saudi Gulf’s Order for 16 CSeries Planes

Don't Miss Out —
Follow us on:

Jan. 16 (Bloomberg) -- Bombardier Inc. won an order for 16 CSeries jets plus 10 options from Saudi Arabia’s Al Qahtani Group, which plans to deploy the aircraft at full-service startup carrier Saudi Gulf.

Al Qahtani’s order, worth $2 billion at list price with the options, is for the larger CS300 version of the narrowbody plane, which seats from 135 to 160 people and competes with the Airbus Group A319 and versions of Boeing Co.’s 737.

Saudi Gulf will start flying in late 2015 or early 2016, Al Qahtani said in a joint press conference with Bombardier at the Bahrain Air Show. It will serve domestic cities including Riyadh, Jeddah and Dammam, plus locations in the Gulf and as far afield as Pakistan within three or four hours flying time.

With deliveries of the new jets slated to start only around the time that Saudi Gulf commences servies, Al Qahtani is in talks with leasing companies as it seeks half a dozen Boeing or Airbus jets to be taken within 12 months as a stopgap, Samer Majali, the group’s president, said today.

Majali was previously chief executive officer of Bahrain-based Gulf Air for about three years until 2012, when he resigned following the appointment of a new board at the unprofitable carrier. Before that he was CEO at Royal Jordanian Airlines for about seven years.

Today’s order takes the CSeries backlog to almost 200 jets as Montreal-based Bombardier seeks to end the Boeing-Airbus duopoly in the short-haul airliner market.

Link to Company News:{RJAL JR <Equity> CN <GO>} Link to Company News:{BA US <Equity> CN <GO>} Link to Company News:{BBD/B CN <Equity> CN <GO>}

To contact the reporter on this story: Deena Kamel Yousef in Dubai, UAE at dhussein1@bloomberg.net

To contact the editor responsible for this story: Christopher Jasper at cjasper@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.