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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 (935)10/11/2001 1:36:37 PM
From: Gilbert Drapeau  Read Replies (1) of 1177
 
Bombardier Signs Q300 Turboprop Contract With Petroleum
Air Services of Cairo

TORONTO, ONTARIO--OCTOBER 11, 2001 - 10:24 EDT
Bombardier Aerospace has signed a contract with
Cairo-based Petroleum Air Services (PAS) for the sale of two
50-passenger Bombardier Q300* regional airliners plus options for
five additional aircraft.

The two firm aircraft, valued at $30.06 million U.S. (Cdn$42.08
million), are scheduled for delivery in May next year with
optioned aircraft deliveries to be completed by July 2004.

The new Bombardier Q300 aircraft will allow PAS to increase its
route network in support of the oil and gas industry and provide
additional services to support the country's tourism industry
through charter services.

"Petroleum Air Services made its final decision on the purchase of
the Bombardier Q300 aircraft on the basis of the aircraft's
economics and performance characteristics," said General Samir
Abdel Salam, PAS chairman. "Our experience over many years with
our Dash 7 fleet - the forerunner of the Q* Series family of
products - has given us a deep appreciation for the ruggedness and
dependability of Bombardier's turboprop aircraft," he said.

PAS's fleet currently consists of five 50-passenger de
Havilland(R) Dash 7 airliners and a sizable fleet of Bell
helicopters.

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(R) 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 and its revenues for its
fiscal year ended Jan. 31,2001 totalled $16.1 billion Cdn.

(R) Registered trademark of Bombardier Inc.

*Trademark of Bombardier Inc.

Note to Editors:

Images of Bombardier Q300 aircraft are available on our Web site
photo gallery at: aero.bombardier.com
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