HEADLINES

  • In February 2016, Bombardier and Air Canada entered into a letter of intent for the purchase of 45 CS300 aircraft with options for an additional 30 CS300 aircraft, including conversion rights to CS100 aircraft.
  • In October 2015, the Quebec government pledged C$1.3-billion to aid Bombardier’s C-Series line. The pension fund, Caisse de dépôt  et placement du Québec, purchased 30 per cent of Bombardier’s train business, though it will be used to help the C-Series line, for US$1.5-billion. Bombardier requested further aid from the federal government in the amount of  US$1-billion.
  • In February 2016, WestJet began talks with Boeing and Airbus regarding replacements for its fleet of Boeing 767-300ER aircraft.
  • The federal government confirmed that it will likely be renewing its payment this spring to remain part of the F-35 consortium of countries, notwithstanding its election promise not to purchase the F-35 Joint Strike Fighter. The federal government has promised to hold a new RFP process for the replacement of its existing CF-18 fleet, but it is not clear whether the F-35 will continue to be a candidate.
  • The 27th Annual Canadian Airline Investment Forum 2016 will be held June 14–15, 2016, in Toronto (www.insightaircraft.com). President and CEO of Air Canada, Calin Rovinescu, will be the key note speaker.

DELIVERIES AND ORDERS 

2015

  • Bombardier delivered 275 aircraft and received 27 orders net of cancellations
  • Air Canada accepted delivery of the first of 29 firm Boeing 787-9 aircraft
  • WestJet Airlines Ltd. accepted delivery of the first of four Boeing 767-300ER aircraft
  • WestJet Encore placed a firm order for six additional Bombardier Q400 aircraft

2016

  • Air Canada entered into a letter of intent to purchase 45 firm CS300 aircraft and options for 30 more CS300 aircraft