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Bombardier Announces Third Quarter Profit

Bombardier Aerospace reported third quarter earnings before interest and taxes of USD$74 million, down from USD$86 million in 2013.

Aerospace revenue was USD$2.6 billion out of a total of USD$4.9 billion.

The company delivered 71 aircraft in the quarter, compared with 45 in the same period last year.

The aerospace division received 76 orders during the quarter, up from 26 in the same period a year earlier, boosted by Macquarie AirFinance's firm order for 40 CSeries jets.

The order came after Bombardier resumed CSeries test flights in September, alleviating some uncertainty after flights had been halted in May after an engine failed during a stationary test. The CSeries is set to go into service in the second half of 2015.

Lufthansa said on Thursday its Swiss International unit would not be the launch customer for the CSeries.

Bombardier said in September it was in talks with an unidentified airline that could become the first operator of the CSeries. Swiss had been the first customer to place an order for the CSeries in 2009.

Swiss has ordered 30 of the new aircraft and is planning to take delivery in the second half of 2015. It has decided to lease four Embraer 190s from partner Helvetic Airways because of the delays to the CSeries.

(Reuters)