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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 (816)11/15/2000 10:14:51 PM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Adds two Q300 Airliners to Qantas Regional
Fleet

TORONTO, ONTARIO--NOVEMBER 15, 2000 - 17:56 EST
Bombardier Aerospace has announced an agreement
with Qantas Airlines of Australia under which the airline has
acquired two 50-seat Q300* turboprop airliners for its regional
subsidiary Eastern Australia Airlines.

Value of the contract is approximately $29 million U.S. (Cdn$40.6
million.). Deliveries of the first and second aircraft occurred
in September and October respectively.

Eastern Australia Airlines, based at Sydney, operates 17 daily
round trips between Sydney and Canberra, the national capital,
utilizing 36-seat Dash 8(R) Series 100 and Series 200 aircraft on
the 50-minute flights.

"Steady growth in passenger traffic on the route requires a larger
capacity aircraft and the Q300 is the best aircraft to meet that
requirement," said Bevan Coote, general manager of Eastern
Australia Airlines. "Our existing Dash 8 fleet has proven to be
reliable, flexible, economical and passenger friendly, so we have
no hesitation in once again turning to Bombardier Aerospace for
our fleet requirements.

"In addition, the Noise and Vibration Suppression (NVS) on the
Q300 will add greatly to passenger comfort," Mr. Coote added.

The Eastern Australia Q300 aircraft are the first of the type to
operate in New South Wales. Another Qantas subsidiary, Sunstate
Airlines, operates a Q300 from its Brisbane base.

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(R) 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.

(R) Registered trademark of Bombardier Inc.

* Trademark of Bombardier Inc.
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