The effect of stiff competition and production delays was apparent in early 2016. On 20 January, United Continental Holdings ordered 40 Boeing 737-700 aircraft instead. Aside from ready availability of aircraft already in full production, the purchase of the 737 vs. the CSeries was financially prudent. Since United already flew 310 of the 737, there would be savings for pilot training and fewer spare parts would need to be stocked. Boeing also reportedly gave United a massive 73% discount on the 737 deal, dropping the price to $22 million per aircraft, well below the CS300 market value at $36 million. In November 2016, United deferred this order to save $1.6Bn in CAPEX or $26 million per 61 aircraft. David Tyerman, an analyst with Canaccord Genuity said to the Toronto Star: "This just shows how difficult it is for Bombardier to win orders these days.[...]. It also raises the question of how profitable the next C Series order they win will be for them."