MONTREAL, Jan 3 (Reuters) - Canada's Bombardier Inc
delivered 17 CSeries jets in 2017, missing its latest
target of 20 to 22 planes, but is confident it can achieve its
2018 target of 40 deliveries, a company spokeswoman said on
Wednesday, after engine delays hampered its ability to deliver
orders last year.
More details on Bombardier's 2017 deliveries will be
disclosed when the company announces its financial results in
February, spokeswoman Nathalie Siphengphet said by phone.
The 110-to-130 seat CSeries jets sell for between $79.5
million and $89.5 million based on list prices.
Investors closely watch figures on aircraft orders and
deliveries to help them accurately estimate revenues since
airlines make the bulk of payments when planes are delivered.
Bombardier in November cut its CSeries delivery guidance by
about a third, from 30 planes to a range of 20 to 22, citing
delays from engine supplier Pratt & Whitney, a division of
United Technologies Corp.
Pratt & Whitney in October disclosed that it had slowed
production of its Geared Turbofan (GTF) to make them more
durable after some of its customers had problems with the line
of fuel-saving engines used in narrowbody jets.
Bombardier is "confident" in the fixes from Pratt & Whitney
and expects to meet its forecast of delivering 40 CSeries planes
in 2018, Siphengphet said.
Two aerospace analysts told Reuters they believe
Bombardier's goal of 40 deliveries is achievable, provided the
supply chain woes are indeed fully fixed.
"So far it looks OK, but again, it's very early," said
AltaCorp analyst Chris Murray by phone.
In late December, Bombardier said it finalized a letter of
intent signed in November with EgyptAir for 12 CSeries planes,
the first completed order received by Bombardier for the
single-aisle jets after a 1-1/2-year sales drought.
It's not clear when a second letter of intent signed in
November from an undisclosed European customer for 31 CSeries
jets will be finalized. The order was initially expected to be
completed by the end of 2017.
(Reporting by Allison Lampert in Montreal; Editing by Cynthia
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