🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Korean Air to receive first Bombardier C Series jet on Friday after engine delays

Published 12/19/2017, 11:03 PM
Updated 12/19/2017, 11:10 PM
© Reuters. FILE PHOTO: An employee inspects the engine of a C Series plane at Bombardier's plant in Mirabel
AIR
-
RTX
-
BBDb
-
003490
-

SEOUL (Reuters) - Korean Air Lines Co Ltd (KS:003490) said on Wednesday it will receive its first Bombardier Inc (TO:BBDb) C Series jet on Friday after months of delays related to engine issues, with a second delivery to follow shortly after.

United Technologies Corp (N:UTX) held back some shipments of its troubled Pratt & Whitney geared turbofan jet engines to plane makers, and offered spares to airlines which have had problems with engines already in service.

Korean Air, the first Asian airline to receive the C Series, in August forecast it would receive five CS300 jets this year. In October, President Walter Cho said the estimate had changed to "hopefully one".

The first CS300 will be delivered to Korean Air in Canada on Friday and will arrive in Seoul on Dec. 25, with the second due to arrive in Seoul on Jan. 1, a Korean Air spokeswoman said.

Korean Air in a statement said the two jets will run domestic routes from Jan. 16. The airline expects to receive eight more CS300s by the end of 2018, raising its total to 10.

© Reuters. FILE PHOTO: An employee inspects the engine of a C Series plane at Bombardier's plant in Mirabel

Bombardier, which in October announced plans to sell a controlling stake in the fuel-efficient jet to Airbus SE (PA:AIR), last week said it expected to deliver 40 C Series aircraft next year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.