The company cut its CSeries delivery forecast to 7 from 15 aircraft citing engine delivery delays by its supplier Pratt & Whitney.
"We are working very closely with Pratt & Whitney to quickly address this supplier ramp-up issue and to ensure we have a strong supplier base to support our long-term growth objectives," said Fred Cromer, President, Bombardier Commercial Aircraft said.
"We are very confident in our production ramp-up plan, including our ability to meet our production goal of 90 to 120 aircraft per year by 2020."
All the above headlines are deceptive, as they sound alarming while actual consequences are small.
BBD only differed delivery of 8 planes, even though this is 'more than half' the previously forecast total. The 2016 delay will likely improve 2017 numbers.
In financial terms, BBD is losing some revenue this year, while improving its bottom line (these planes are sold at a loss). The reverse will be true when deliveries occur.
In commercial terms, some damage is done, but not much. Customers know P&W was challenged, they likely were informed some time ago, and there was no surprise.
Last Edit: Sept 7, 2016 14:15:27 GMT 1 by philidor
BBD only differed delivery of 8 planes, even though this is 'more than half' the previously forecast total. The 2016 delay will likely improve 2017 numbers.
Agree, as I believe we can assume the FAL at BBD is actually producing 15* aircraft this year, but they just lacks the engines.
*Probably even more av aircraft that is planned delievered early 2017, is most likely rolled out in 2016