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China and Russia are also preparing to challenge the trans-Atlantic duopoly over the largest segment of the global jet market, valued at USD$2 trillion at list prices over the next 20 years. Bombardier, based in Montreal, is the world’s fourth-largest plane maker, with a stable that includes regional jets and a range of executive aircraft.
A large screen lifted at the end of a glitzy slide presentation to show off the new plane to analysts and reporters at its Mirabel facility near Montreal, and said it was transitioning to flight testing ahead of a first flight scheduled by the end of June. At list prices, the 110-seat CS100 costs USD$62 million and the 130-seat CS300 USD$71 million. Bombardier on Thursday said it would also offer a CS300 with an option for up to 160 seats, either as an initial order or as a retrofitted plane. Bombardier’s slowly growing order book has raised concerns that the company does not have the appetite to lure customers with deep discounts, as Boeing and Airbus do, or provide financing offers and walk-away rights. Bombardier chief executive Pierre Beaudoin has said he does not need to provide discounts, arguing the CSeries offers meaningful competitive advantages to airlines.

The CSeries claims a 15 percent cash operating cost advantage and 20 percent fuel burn advantage over the Boeing and Airbus models as its airframe is lighter. It uses conventional batteries rather than the lithium ion batteries that have caused so many troubles for Boeing’s 787.
Airbus and Boeing have moved to defend their strong market shares by adding fuel-saving engines similar to those on the CSeries to their own best-selling models. That is a draw for airlines preferring to stick with existing suppliers, whose aircraft pilots are already certified to fly and where spare parts are plentiful.
Bombardier, which says it expects orders for the CSeries to pick up once the aircraft has made its maiden flight, has targeted 300 firm orders by mid-2014, when the jet enters service. Please wait until the picture has finished uploading.Navigating away from this page will cancel your upload. In contrast, the Boeing 737 MAX costs USD$82 million and the Airbus A319 neo USD$88.8 million.

The Palace of Westminster incorporates The House of Commons, The House of Lords and Westminster Hall. Getty Images reserves the right to pursue unauthorized users of this image or clip, and to seek damages for copyright violations. The four dials of the clock are 23 feet square, the minute hand is 14 feet long and the figures are 2 feet high.

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