Republic to buy 40 jets from Bombardier

Republic Airways said Thursday it will spend $3.1 billion on CSeries jets from Canadian manufacturer Bombardier, becoming the first U.S. customer for the narrow-body aircraft seen as a challenge to market leaders Boeing Co. and Airbus. The 40-plane order from Republic "shows that there's momentum" to replace aging fleets of single-aisle aircraft, according to a Bombardier executive. Both Boeing and Airbus are weighing new engines for their narrow-body offerings in order to compete with the cost savings offered by the CSeries.

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