The letter of intents are pure bullshit, they mean nothing.
Do not go long based upon this. Heck, I could email BBD an email of intent to buy 100 planes, so could you, lol. Many of these intent letters will not transpire into orders. We have seen this before many time.
The industrials sector was also supportive as Bombardier Aerospace signed a number of agreements at the Farnborough International Airshow for its new C Series aircraft. Bombardier says Chinese company Zhejiang Loong Airlines Co. has signed a letter of intent for 20 CS100 airliners that would be worth $1.28-billion if all the orders were exercised. Before the show began, Bombardier had announced on Saturday that U.K-based Falko Regional Aircraft Ltd. signed letters of intent for up to 24 C S100 jets. Bombardier shares climbed 11 cents to $3.88.