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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 (812)10/31/2000 5:07:24 PM
From: Gilbert Drapeau   of 1177
 
Bombardier Receives Orders for Two Additional CRJ200
Aircraft From JAL

TORONTO, ONTARIO--OCTOBER 31, 2000 - 14:48 EST
Bombardier Aerospace announced today that Japan
Airlines (JAL) has placed a firm order for two more 50-seat
CRJ200* Series regional jets on behalf of its wholly-owned
subsidiary J-Air.

The order is valued at U.S.$44 million (Cdn.$61.6 million).

The transaction announced today represents the conversion of two
of three options taken by JAL when it ordered two CRJ200 aircraft
in January 2000. Under today's agreement, JAL will take options
on an additional two CRJ200 aircraft. Deliveries of the
firm-ordered aircraft are scheduled to take place between the
fourth quarter of 2000 and the second quarter of 2002.

J-Air, one of Japan Airlines' domestic route carriers, is based in
Hiroshima and provides services mainly in southwest Japan. The
airline currently operates 19-seat turboprops on short, thin
routes. The CRJ will give J-Air more efficient, high-speed
aircraft to provide new route services as well as serve routes
where passenger load factors do not meet the capacity of Japan
Airlines' larger jets.

"This follow-on order before J-Air takes delivery of its first CRJ
is very much appreciated," said Steven A. Ridolfi, president of
Bombardier Aerospace, Regional Aircraft. "The Asia/Pacific region
is becoming an increasingly important market for us and we welcome
the continuing strong interest from that area in our products."

Bombardier's regional aircraft, both Q* Series turboprops and CRJ
Series jets, are on order or in service with six operators in
Japan. Those six airlines have ordered and optioned a total of 25
aircraft composed of 12 Q Series turboprops and 13 CRJ jets.

Bombardier Aerospace, a unit of Bombardier Inc., is the leading
business, regional and amphibious aircraft manufacturer. With
full design and production capabilities in three countries, it
offers the most comprehensive families of turboprop and regional
jet aircraft and the widest range of business jets. It also
provides the Flexjet fractional business aircraft ownership
program, technical services, aircraft maintenance and pilot
training for business, regional airline and military customers.

Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 56,000 people 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 Jan. 31, 2000, totalled Cdn.$13.6
billion.

*Trademark of Bombardier Inc.

Note to Editors: Computer generated image of the J-Air CRJ is
available on our website photo gallery at:
www.aero.bombardier.com/htmen/F7.htm
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