Bombardier Aerospace: More Than U.S.$1.9 Billion in Deals
Confirm Strong Showing for Bombardier Aerospace at the
44th Paris Air Show
PARIS, FRANCE--JUNE 22, 2001 - 10:54 EDT
As the 44th Paris Air Show draws to a close,
Bombardier Aerospace has claimed success on all fronts as
significant orders and multiple announcements have highlighted the
world's largest aerospace trade show. Deals worth a total of more
than U.S.$1.9 billion (Cdn.$2.9 billion) were signed with new and
existing customers.
For Bombardier, the show demonstrated the strength of its industry
leading products and services as virtually all elements of the
business, covering all corners of the globe participated in sales
and product announcements.
"The strength and depth of our product lines have allowed us to
compete and win on the world stage at the Paris Air Show," stated
Michael Graff, president and chief operating officer, Bombardier
Aerospace. "Our innovative products and services continue to
support our position as the leading business and regional aircraft
manufacturer in the world."
The following recaps the announcements made this week. Full
releases are available on-line at www.aero.bombardier.com.
/T/
Sales and Agreements
* Bombardier Regional Aircraft - Memorandum of Understanding (MOU)
with Deutsche Structured Finance 30 firm Bombardier CRJ700*s and
20 firm Bombardier CRJ900*s as well as 30 optioned aircraft -
U.S.$1.5 billion (Cdn.$2.25 billion)
* Bombardier Regional Aircraft - sale of two Bombardier Q400* high-
speed turboprops to Austria's Tyrolean Airways - U.S.$38 million
(Cdn.$57 million)
* Bombardier Business Aircraft - a total of 17 business jets were
sold including Bombardier Global Express(R), Challenger(R) 604,
Continental*, Learjet(R) 60 and several Flexjet(R) Europe
fractional ownership sales. These transactions, which represent a
total value of U.S.$321 million (Cdn.$489 million), were
highlighted by the sale of five Bombardier Continental jets to TAG
Aeronautics and Alain Prost's fractional acquisition of a
Bombardier Learjet 31A.
* Bombardier Defense Services signs U.S.$42 million (Cdn.$63 million)
F/A 18 service contract with Boeing.
System and Customer Enhancements
* Bombardier to obtain Q400 Certification for operations at London
City Airport
* Bombardier increases maximum take-off weight of Bombardier Learjet
45
* Bombardier establishes factory service capability in Dubai
* Bombardier market-testing viability of Asian Business Charter
network
Product Showcasing
* Five Bombardier business jets break 8 aviation records on journey
to Paris
* Bombardier CRJ900 makes international debut - 11 months after
program launch announcement
/T/
Bombardier Aerospace, a unit of Bombardier Inc., is a world leader
in the design, and manufacture of innovative aviation products and
services for the regional, business and amphibious aircraft
markets. It also offers Bombardier Flexjet fractional ownership,
aircraft charter and management, 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 79,000 people in 24 countries
in the Americas, Europe and Asia-Pacific. Bombardier's revenues
for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion and
more than 90% were generated outside Canada.
(R) Registered Trademarks of Bombardier Inc.
* Trademarks of Bombardier Inc. |
