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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 (699)1/12/2000 3:49:00 PM
From: Gilbert Drapeau  Read Replies (2) of 1177
 
BOMBARDIER CRJ TO ENTER JAPANESE AIRLINE SERVICE IN
MID-2000

JANUARY 12, 2000

TORONTO, ONTARIO--

--- FAIR INC. AIRLINE TO BECOME FIRST CRJ OPERATOR IN JAPAN

Bombardier Aerospace announced today that The Fair Inc. of Tokyo
has ordered two new Canadair Regional Jet(r) aircraft for its
regional airline operations scheduled to commence in mid-2000.

Established last year, The Fair Inc. will acquire and operate two
CRJs obtained from a European operator. It will add two new
aircraft from Bombardier in its third year of operations in 2002.
The first two 50-seat jets, based in Sendai, will serve business
oriented routes such as Hiroshima-nishi/Haneda.

"The CRJ* has proven to be particularly effective on routes with
high business travel potential where speed and frequency are
significant determinants to successful revenue growth," said Jun
Okawara, president and chief executive officer of The Fair Inc.

"We are delighted that the Canadair Regional Jet has been selected
by The Fair Inc. for its airline operations in the important
Japanese regional airline marketplace. This decision builds upon
the already established presence of Bombardier Q Series Dash 8(r)
turboprop aircraft in the country," said Steven A. Ridolfi,
president of Bombardier Aerospace, Regional Aircraft.

The Fair Inc. and All Nippon Airways (ANA) have reached a
co-operative agreement for the successful commencement of CRJ
operation. Under terms of the agreement, ANA will provide The
Fair Inc. with assistance in flight operations, flight crew
provision, maintenance and engineering services and other areas.

This order continues a growing trend of success for Bombardier
products in Asia-Pacific. In the past year, eight operators have
purchased seven CRJ and 11 Q Series aircraft for use in the
region.

The Canadair Regional Jet is available in two seating capacities,
including the 50-seat CRJ100* and CRJ200* models and the 70-seat
CRJ700*. The ability of Bombardier to offer a complete family of
regional jet aircraft to the regional airline industry is a unique
advantage of the Bombardier Aerospace, Regional Aircraft product
line.

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.

(r) Registered trademarks of Bombardier Inc.

* Trademarks of Bombardier Inc.
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