Air Canada to purchase up to 75 Bombardier C Series aircraft

Air Canada has entered into a Letter of Intent (LOI) with Bombardier for the acquisition of up to 75 Bombardier CS300 aircraft powered by Pratt & Whitney PurePower PW1500G engines as part of its narrowbody fleet renewal plan. The LOI contemplates 45 firm orders plus options to purchase up to an additional 30 aircraft and includes substitution rights to CS100 aircraft in certain circumstances. Deliveries are scheduled to begin in late 2019 and extend to 2022. The first 25 aircraft on delivery will replace Air Canada’s existing mainline fleet of Embraer E190 aircraft, with the incremental aircraft supporting Air Canada’s hub and network growth, creating one of the world’s youngest, most fuel efficient airline fleets. The C Series purchase is subject to completion of final documentation and satisfaction of certain other closing conditions precedent.