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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 (670)11/8/1999 12:36:00 PM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
BOMBARDIER MAKES CRJ200 SERIES SALE IN CHINA TO SHANDONG AIRLINES

NOVEMBER 8, 1999
TORONTO, ONTARIO--Bombardier Aerospace today announced the sale of
five CRJ200* regional jet aircraft to Shandong Airlines in central
China. The contract, valued at US $116 million (Cdn $170
million), represents the first CRJ sale to a scheduled regional
airline operator in China.
The signing took place in Beijing on Saturday, November 6 during a
ceremony in the Summer Palace attended by representatives of the
Government of the Province of Shandong, State Development and
Planning Commission, CAAC, CASC, senior Bombardier executives and
members of the media.
"Shandong Airlines is acquiring Bombardier's CRJ200 aircraft for
expansion and growth on our regional routes throughout The
Peoples' Republic of China," said airline president and chairman
Mr. Sun Dehan during the ceremony. "The CRJ will join our fleet
of 737s and turboprop aircraft on a variety of scheduled revenue
passenger services as well as charter and VIP operations once
delivered," he said.
Mr. James Dailly, vice president Asia/Pacific sales for Bombardier
Aerospace, Regional Aircraft, said, "We are delighted that
Shandong Airlines will become the first regional airline in China
to operate our CRJ regional jet. We are confident that our CRJ
will support Shandong's growth plans perfectly as the airline
augments its service throughout the country."
Shandong Airlines is headquartered in Ji'nan, capital of Shandong
Province about 500 kilometres south of Beijing.
Five Corporate Jetliner* aircraft are currently in service
operated by China United Airlines. In addition, three 56-seat
Dash 8(r) turboprop airliners from Bombardier have been in
operation with Zhejiang Airlines for several years. Recently,
Changan Airlines of Shaanxi Province in central China placed an
order for three 78-seat Q400 Dash 8 aircraft with Bombardier.
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
and financial services. 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.
* Trademarks of Bombardier Inc. (r) Registered trademark of Bombardier Inc.
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