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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?


To: Gilbert Drapeau who wrote (684)11/23/1999 5:24:00 PM
From: csm  Read Replies (1) | Respond to of 1177
 
The market is finally recognizing that this is a $30 stock, looking backwards. That's what I've been saying for ages. Now, when the market decides to look one quarter or so forward it will see that this is a $40 stock. I'll wait.

Cheers!
Stuart.



To: Gilbert Drapeau who wrote (684)11/26/1999 4:32:00 PM
From: Gilbert Drapeau  Read Replies (1) | Respond to of 1177
 
Japan Civil Aviation Bureau Selects Bombardier Global
Express: Second Consecutive Government Selection

NOVEMBER 26, 1999
MONTREAL, QUEBEC--Bombardier announced today it has been selected
to supply one ultra long-range Bombardier Global Express(R)
business jet aircraft to the Japan Civil Aviation Bureau (JCAB).
"This marks the second consecutive occasion where a top-ranked
government agency has clearly explored all its options,
scrutinized all the aircraft in its class - and then selected the
Global Express," declared Robert Gillespie, president, Bombardier
Aerospace, Business Aircraft.
"We are proud to win this key sale with the JCAB as it underlines
the special-mission superiority of the Global Express compared to
competing aircraft." The Global Express aircraft will be deployed in a flight
inspection and calibration role by the JCAB. It is scheduled for
delivery from Bombardier's de Havilland facility in Toronto, Ont.,
to Aerodata Flugmesstechnik of Braunschwieg, Germany, in December 2000.
Aerodata will outfit it with a special interior for final delivery
to the JCAB in December 2001. Aerodata is responsible for the
design, integration and certification of the special mission
aircraft while ITOCHU Corporation, Bombardier's exclusive
representative in Japan, is the prime contractor. Growing government interest
The JCAB selection is the first contract for a Global Express in
this configuration and is also the second sale in less than six
months where a government agency has selected the Global Express
for a special mission role.
It follows the U.K. Ministry of Defence selection for five Global
Express aircraft for its Airborne Stand-Off Radar program (ASTOR)
announced at the Paris Air Show in June 1999.
"Both the JCAB and U.K. MoD are respected worldwide for their high
standards and exacting criteria," observed Mr. Gillespie. "These
two decisions speak highly of the Global Express and we're
confident they will result in further opportunities."
The only business jet purposely designed to meet and exceed the
global demands of ultra long-range travel, the Global Express
flies further, faster and higher than any competing aircraft in its class.
It is well designed to meet the various needs of business jet
aircraft in multi-mission roles. It features a superior
power-generation capability which, when combined with a
significantly larger cabin that easily accommodates specialized
consoles for multi-mission roles, is proving very attractive to
government agencies.
The Global Express is the only business jet designed specifically
to meet and exceed the most stringent airworthiness requirements
of ultra long-range travel. Transport Canada type approval was
awarded on July 31, 1998; FAA type approval on November 13, 1998;
and European JAA approval on May 17, 1999, with subsequent
certification by some 29-member countries. Asia-Pacific leadership
This sale is also the most recent in a series of contracts
successfully secured by Bombardier Aerospace in the vast
Asia-Pacific region, where it is emerging as the preferred
supplier of both corporate jets and regional airliners.
Sales momentum is strong with the recent sale of five CRJ200*
regional jet airliners to Shandong Airlines, the first to a
regional airline operator in China, and several business jets to
operators throughout the region. It followed the sale of three
Dash 8 Q400 turboprop airliners to Changan Airlines of Shaanxi
province in central China in April.
In October Air Nippon Co., Ltd (ANK) of Tokyo purchased three
56-seat Dash 8 Q300 turboprop airliners following the sale of one
Dash 8 Q100 airliner to Ryukyu Air Commuter (RAC) of Noha, Okinawa.
In mid-September, Bombardier sold two new Q200 Dash 8 turboprop
aircraft to Surveillance Australia of Adelaide, Australia, for its
COASTWATCH program. In late 1998, Kendell Airlines ordered 12
CRJ200 Series aircraft, with deliveries to begin in late 1999
through to mid-2001.
There are 138 Bombardier aircraft currently in active operation
throughout the vast region including 57 business jets and 81
regional airliners. Additional aircraft have been sold to
investors in the region, but are based elsewhere. Asian partnerships
In addition to strong sales, Bombardier Aerospace has a number of
Asia-Pacific partners which design and manufacture components for its aircraft.
Xian Aircraft of China, for example, has been producing
sub-assemblies for the Canadair 415* amphibious aircraft for
several years and Mitsubishi Heavy Industries of Japan is
manufacturing the complete wing and centre fuselage sections for
the Global Express and Continental business jets and produces the
complete fuselage, wing and vertical and horizontal stabilizers
for the Q400 turboprop airliner. Aerospace Industry Development
Corporation (AIDC) of Taiwan is the sole supplier of the rear
fuselage and empennage sections of the Continental business jet.
Bombardier Aerospace, a unit of Bombardier Inc., is the world's
third largest civil aircraft manufacturer with operations in three
countries. Leading the 20- to 70-passenger regional carrier
market, Bombardier Aerospace offers complete families of turboprop
and regional jet aircraft. It has the industry's widest range of
business jets, offering both full and fractional ownership, and
also produces firefighting/maritime mission aircraft. It provides
technical services, aircraft maintenance and pilot training to
business, regional airline and military customers.
Bombardier Inc. is a Canadian corporation active in the fields of
aerospace, rail transportation equipment, recreational products
and financial services. It operates plants in 12 countries in
North America, Europe and Asia, and more than 90 per cent of its
revenues are generated outside Canada. Bombardier's revenues for
its fiscal year ended January 31, 1999 totalled $11.5 billion.