( CNN ) -- Two heavyweights dominate the high-capacity commercial aviation industry -- Boeing and Airbus . Now the world 's third-largest manufacturer of commercial aircraft is touting an apparently lighter and quieter plane that it hopes will cut into the giants ' market share for narrow body , medium-range commercial jets . The virgin test flight of the Bombardier CS100 -- from the first new family of commercial passenger jets in decades -- took place at Mirabel Airport , in Quebec , Monday . The 110-seat , single-aisle aircraft ( a 135-seat version in the CSeries is also in the works , and a maximum capacity of 149 has been reported ) is in the same class as Boeing 's 737 series and Airbus 318 and 319 aircraft . Bombardier is a Canadian multinational company headquartered in Montreal . More : Jet sales boost China 's rivalry with Boeing , Airbus . Apart from a minor alert going off midair , the two-and-a-half-hour flight was a success , the Age reports . `` The performance of the CSeries aircraft was very impressive , '' said the new jet 's test pilot , Chuck Ellis . `` We could n't have wished for a better maiden flight . '' Quiet , lightweight . Expected to enter service in 2015 , the Bombardier plane has two advantages over its rivals , its makers says . Made of lightweight composite materials , the CS100 beats Airbus and Boeing for fuel performance , most industry experts reportedly agree . More : U.S. company unveils new , cheap attack jet . Bombardier says its CSeries planes will also be quieter than any existing commercial jet . That 's probably not because the company has heard the cries of long-suffering residents near heavily trafficked airports around the world , but because regulation increasingly demands controls on airplane noise . Orders in . The CS100 has already won orders from carriers such as Latvia 's AirBaltic , which is buying 10 of the planes . `` You could hardly hear the takeoff , '' Martin Gauss , CEO of AirBaltic , said after watching the test flight in Quebec . `` This was one of the reasons we bought it , along with the cost savings from lower fuel burn . '' There 's a good reason why new commercial jet series come along so rarely -- the astronomical cost involved in developing them . The CS100 had already cost $ 500 million more than its official estimate of $ 3.5 billion , Bombardier said .
Test flight for Bombardier Aerospace takes place in Quebec . First new jet engine in decades , to be lighter , quieter than rivals . Plane already has more than 150 orders -- but that 's only half the goal . Budget has reached $ 1 billion estimate by $ 500 million .