Bombardier Sells Third Q300 to Egypt's Petroleum Air
Services
TORONTO, ONTARIO--JANUARY 22, 2003 - 16:00 EST
Bombardier Aerospace announced today that
Cairo-based Petroleum Air Services (PAS) has placed a firm order
for one 50-seat Bombardier Q300* to support Egypt's petroleum and
tourism sectors. PAS currently operates two Bombardier Q300
aircraft.
The transaction announced today is valued at approximately $14.8
million US ($22.2 million Cdn) and represents the conversion of
one of two existing PAS options to a firm order. Delivery of the
new aircraft is scheduled for the second quarter of 2003.
Prior to the introduction of the Bombardier Q300 in mid-2002, the
PAS fleet consisted of five 50-seat de Havilland(R) Dash 7
turboprops and 23 Bell helicopters.
"We require the additional Q300 because our petroleum and tourism
activity is steadily increasing," said General Samir Abdel Salam
Youssef, chairman of PAS. "Passenger acceptance of the Q300 in
our markets has been extremely gratifying because of the superb
Noise and Vibration Suppression (NVS) system, and the aircraft
has been performing as promised. We have no hesitation in
expanding our Q300 fleet."
PAS flies from Cairo International Airport to a number of
petroleum exploration sites within a 700 km (380 nm) radius on
behalf of 12 Egyptian and multi-national companies. It also
operates charter flights within Egypt and to surrounding
countries on behalf of Egypt's tourism sector.
The Bombardier Q Series family includes the 37- to 39-seat Q100*
and Q200*, 50- to 56-seat Q300 and 68- to 78-seat Q400. All
feature the NVS system, which has established new standards for a
quiet passenger cabin.
Bombardier Aerospace, a unit of Bombardier Inc., is a world
leader in the design, and manufacture of innovative aviation
products and provides 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 services
company, is a world-leading manufacturer of business jets,
regional aircraft, rail transportation equipment and motorized
recreational products. It also provides financial services and
asset management in business areas aligned with its core
expertise. Headquartered in Montreal, Canada, the Corporation has
a workforce of some 80,000 people in 24 countries throughout the
Americas, Europe and Asia-Pacific. Its revenues for the fiscal
year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier
trades on the Toronto, Brussels and Frankfurt stock exchanges
(BBD, BOM and BBDd.F).
(R) Registered trademarks of Bombardier Inc. or its subsidiaries.
* Trademarks of Bombardier Inc. or its subsidiaries.
Note to Editors:
Images of the Petroleum Air Services Bombardier Q300 aircraft are
available on our Web site photo gallery at:
www.aero.bombardier.com/htmen/F14.jsp |
