=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SFGate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/n/a/2006/01/31/financial/= f075520S55.DTL --------------------------------------------------------------------- Tuesday, January 31, 2006 (AP) Bombardier Cancels Jet Project (01-31) 07:55 PST MONTREAL, Canada (AP) -- Canadian airline maker Bombardier Inc. announced Tuesday that it is scrapping plans to produce a new intercontinental jet aircraft. The Montreal aircraft maker blames poor market conditions on its decision to shelve the $2.1 billion project, called the CSeries. Bombardier says it will shift resources from development of the CSeries = to regional jet and turboprop planes, serving the 80- to 100-seat aircraft market. Bombardier CEO Pierre Beaudoin said it is the "correct business decision given today's market dynamics." The new jet series has been under development for some time with generous support from the Canadian, Quebec and British governments. It aimed to produce two aircraft models seating between 110 and 130 passengers. -------= --------------------------------------------------------------- Copyright 2006 AP