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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 5:08:39 PM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier, Nagasaki Airways Sign Follow-on Contract for
Q200

TORONTO, ONTARIO--OCTOBER 31, 2000 - 15:01 EST
Bombardier Aerospace has sold a second 39-seat
Q200* turboprop airliner to Nagasaki Airways of Japan before the
airline has taken delivery of the Q200 it ordered in November
1999.

Delivery of the first aircraft is scheduled for the first quarter
of 2001; delivery of the aircraft covered in the transaction
announced today is scheduled for the fourth quarter of 2001.

"Bombardier Q Series aircraft have built an impressive reputation
for performance, low operating costs and reliability, and so we
have no hesitation in committing to a second Q200 before receiving
our first," said Kazutaka Muraoka, president of Nagasaki Airways.

The airline, which was established in 1961, is based in the
Nagasaki Prefecture on Kyushu, Japan's westernmost province. The
first Q200 aircraft will be flown on the Iki-Fukuoka and
Iki-Nagasaki routes. In addition, Nagasaki Airways is currently
planning to fly a Fukuoka-Nagasaki route once the second Q200
aircraft is introduced.

The Nagasaki Airways order adds to Bombardier Aerospace's already
strong presence in the Japanese market for efficient and economic
regional turboprop aircraft. Air Nippon Co. Ltd. of Tokyo ordered
three 56-seat Q300* airliners in 1999. Other Dash 8(R) aircraft
are operated in Japan by Amakusa Airlines and Ryukyu Air Commuter.

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 $13.6 billion
Cdn.

*Trademark of Bombardier Inc.

(R)Registered trademark of Bombardier Inc.
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