On 17 February 2016, Bombardier announced its 2015 profits were $138 million before taking a $5.4 billion write-down; it also announced 7,000 jobs would be cut. After a long and expensive development, costing US$5.4 billion to date, including a US$3.2 billion writeoff, the small (110–125 seat) CS100 version of the CSeries received initial type certification from Transport Canada on 18 December 2015. At the time, the company had 243 firm orders and letters of intent and commitment for another 360. Most orders were for the CS300 model. The first CS100 was expected to be flying by mid-2016 in Lufthansa colours. "Certification is a great thing, but 2016 is going to be critical for orders," analyst Chris Murray, a Managing Director with Alta Corp, told Bloomberg Business. Fred Cromer, president of Bombardier's commercial aircraft unit, hinted on 21 December 2015 that price cuts or other incentives may be offered to bolster sales (list price for the CS100 was US$71.8 million and for the CS300 US$82 million).
On 17 February 2016 Bombardier announced its 2015 profits were $138 million before taking a $54 billion write-down; it also announced 7000 jobs would be cut After a long and expensive development costing US$54 billion to date including a US$32 billion writeoff the small (110–125 seat) CS100 version of the CSeries received initial type certification from Transport Canada on 18 December 2015 At the time the company had 243 firm orders and letters of intent and commitment for another 360 Most orders were for the CS300 model The first CS100 was expected to be flying by mid-2016 in Lufthansa colours "Certification is a great thing but 2016 is going to be critical for orders" analyst Chris Murray a Managing Director with Alta Corp told Bloomberg Business Fred Cromer president of Bombardier's commercial aircraft unit hinted on 21 December 2015 that price cuts or other incentives may be offered to bolster sales (list price for the CS100 was US$718 million and for the CS300 US$82 million)