Bombardier Signs With US Airways for Up to 275 CRJ
Regional Jets
TORONTO, ONTARIO--MAY 12, 2003 - 09:03 EST
Bombardier Aerospace today announced that it
has signed a contract with US Airways of Arlington, Virginia for
the sale of up to 275 Bombardier CRJ(i) aircraft, as follows:
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- 85 firm orders (60 firm orders for 50-seat Bombardier CRJ200(i)
and 25 firm orders for 75-seat Bombardier CRJ700(i) Series 705(i)
for a total value of $2.2 billion US ($3.3 billion Cdn.);
- 90 reconfirmable orders. A reconfirmable order has a scheduled
delivery date and provides the customer with the right to formally
cancel the order within a specific timeframe prior to the delivery
date; and
- 100 options which can be exercised across a mix of Bombardier
CRJ200 and CRJ700 models to provide US Airways with optimum
flexibility in determining its future seating capacity requirements.
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This contract has a potential value of $7.0 billion US ($10.4
billion Cdn.).
The 85 firm orders include the transfer of 36 Bombardier CRJ firm
orders currently held by GECAS (GE Capital Aviation Services) to
US Airways. The net effect on the current firm order backlog will
be an increase of 49 aircraft.
Deliveries are scheduled to commence in the fourth quarter of
2003 and continue through the second quarter of 2005.
"These new regional jets will enable US Airways to generate
additional revenue by growing our route network and competing
more vigorously in short- to medium-length haul markets," said US
Airways president and chief executive officer David N. Siegel.
"Regional jets will allow us to replace and complement larger jet
aircraft on routes with poor to marginal performance, which then
can be re-deployed to operate in more profitable destinations."
"This commitment by US Airways is a clear indication that the
regional jet revolution is continuing and we are delighted it is
continuing with US Airways selecting our family of Bombardier
regional jets," said Steven A. Ridolfi, president, Bombardier
Regional Aircraft. "Their decision to acquire both the Bombardier
CRJ200 and CRJ700 is an endorsement of the proven economics and
commonality benefits of the Bombardier CRJ family. It also
underscores the opportunities for lower operating costs and
increased profit with larger size Bombardier CRJ aircraft."
US Airways is the seventh largest airline in the United States
serving nearly 200 communities in North America, Mexico, the
Caribbean and Europe. Most of its route network is concentrated
in the eastern United States where it is the largest carrier east
of the Mississippi. US Airways, US Airways Shuttle and the US
Airways Express carriers operate over 3,300 flights daily.
As at April 30th, the number of firm orders for Bombardier CRJ
Series aircraft stood at 1212 including delivered aircraft.
Conditional orders and options numbered 1152 for a potential
program total of 2364 aircraft.
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(i)
and Bombardier Skyjet(i) business aircraft programs, technical
services, and 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 75,000 people and manufacturing facilities in
25 countries throughout the Americas, Europe and Asia-Pacific.
Its revenues for the fiscal year ended Jan. 31, 2003 stood at
$23.7 billion Cdn. Bombardier shares are traded on the Toronto,
Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
(i) Trademarks of Bombardier Inc. or its subsidiaries.
Note to Editors:
Images of US Airways CRJ aircraft are available in our Web site
multimedia library at: www.aero.bombardier.com/htmen/F15.jsp |
