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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Gilbert Drapeau who wrote (613)8/3/1999 9:00:00 PM
From: Gilbert Drapeau  Read Replies (2) of 1177
 
Bombardier Announces Sale Of Two More CRJ200 Series
Aircraft To Tyrolean Airways

AUGUST 3, 1999
TORONTO, ONTARIO--Bombardier Aerospace announced today that
Tyrolean Airways of Innsbruck, Austria had placed a firm order for
two CRJ200(x) Series regional jet aircraft. The order represents
the conversion of existing options.
The contract is valued at approximately U.S. $47 million (Cdn $68 million).
The order announced today will increase to 12 the number of CRJ200
aircraft in Tyrolean's fleet and brings Bombardier's orderbook
total to 1,069 orders and options for its family of 50- and 70-
passenger Canadair Regional Jet aircraft.
"The CRJ200 Series has helped us meet the challenges of increased
competition in Europe. It has proven to be particularly effective
deployed on routes with high business travel potential where speed
and frequency are key to successful revenue growth," said Fritz
Feitl, president and CEO of Tyrolean Airways.
"Tyrolean Airways has been very successful using both Bombardier
turboprop and jet products to meet the economic demands of its
market," said Robert Gillespie, president of Bombardier Aerospace,
Regional Aircraft. "We have established a long-term relationship
with Tyrolean Airways and we are very proud of their continued success."
Bombardier Aerospace, a unit of Bombardier Inc., is the world's
third largest civil aircraft manufacturer with operations in three
countries. Leading the 20- to 70-passenger regional carrier
market, Bombardier Aerospace offers complete families of turboprop
and regional jet aircraft. It has the industry's widest range of
business jets, offering both full and fractional ownership, and
also produces firefighting/maritime mission aircraft. It provides
technical services, aircraft maintenance and pilot training to
business, regional airline and military customers.
Bombardier Inc. is a Canadian corporation active in the fields of
aerospace, rail transportation equipment, recreational products,
financial services and services related to its products and core
businesses. It operates plants in 12 countries in North America,
Europe and Asia, and more than 90 per cent of its revenues are
generated outside Canada. Bombardier's revenues for its fiscal
year ended January 31, 1999 totalled Cdn $11.5 billion.
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