Bombardier Inc. (TSX:BBD.B) says it now expects to deliver only seven of its new CSeries jets this year – not 15 as it had expected earlier.
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The Montreal-based company said the revised forecast is the result of delayed engine deliveries from its supplier, Pratt & Whitney.
The CSeries program is two-and-a-half years behind schedule and billions over budget.
READ MORE: Bombardier to formally hand over first of 30 CSeries aircraft to Swiss Air Lines
Bombardier said it still expects to produce 90 to 120 of the CSeries aircraft per year by 2020 but in the near term 2016 revenue will be at the low end of its forecast range, which is between US$16.5 billion and US$17.5 billion.
It said the two CS100 planes that are already in service at Swiss International Air Lines have performed well and it expects to deliver a third CS100 jet to the airline next month.
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The larger CS300 is expected to enter service with airBaltic in the fourth quarter.
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