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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Martin A. Haas, Jr. who started this subject	4/30/2001 10:37:33 AM
From: xtahce	Read Replies (1) of 1177

Bombardier Reaches Contract Agreement With Lufthansa for up to 45 CRJ200 Aircraft APRIL 30, 2001 - 10:00 EDT TORONTO, ONTARIO--Bombardier Aerospace has reached agreement with Germany's Lufthansa for the sale of up to 45 CRJ200* regional jet aircraft. The contract calls for 15 firm CRJ200 orders and 30 options for Lufthansa with deliveries of the firm aircraft beginning this October and running through the spring of 2003. The 15 aircraft firm order portion of the agreement is valued at an estimated U.S.$340 million (Cdn.$476 million). The CRJ* aircraft will be operated by Lufthansa affiliate, Eurowings. Lufthansa is a 24.9 per cent shareholder in the Dortmund-based airline. Eurowings will implement CRJ service early next month with a fleet of five leased 50-seat CRJs. These aircraft will be taken off lease as the purchased aircraft come on line. Eurowings will use the CRJ200 fleet primarily for route expansion, although the aircraft will replace ATR aircraft on some longer turboprop routes. Lufthansa affiliate Lufthansa CityLine was the worldwide launch customer for Bombardier's CRJ when it inaugurated scheduled service with the aircraft type in late 1992. The largest CRJ operator in Europe, Lufthansa CityLine has a total of 65 CRJ aircraft in service or on order including 45 50-passenger and 20 70-passenger models. In addition, Team Lufthansa affiliate Augsburg Airways operates a mixed fleet of 37-, 50- and 70-passenger Bombardier Q Series turboprop airliners. To date, Bombardier has amassed 2,150 commitments for its industry-leading CRJ family of aircraft comprised of 500 delivered aircraft, 560 on firm order and 1,090 options.... www2.cdn-news.com

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