Bombardier CSeries Delay Forces Lufthansa Unit to Lease Jets
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Bombardier Inc.’s delays with the CSeries jet forced Deutsche Lufthansa AG’s Swiss subsidiary, the largest carrier buying the model, to lease aircraft from another planemaker.
The four Embraer SA planes from Helvetic Airways AG will help Swiss phase out less-efficient BAE Systems Plc Avro jets, which will eventually be replaced by 30 CSeries planes due for delivery from 2015 to 2017, Chief Executive Officer Harry Hohmeister said at a presentation in Zurich today. He said Swiss may hold on to the Embraers after getting the CSeries.