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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 (697)	12/22/1999 9:14:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

DECEMBER 22, 1999Bombardier Sells 20 More CRJ200 Aircraft To SkyWestAirlines TORONTO, ONTARIO--Bombardier Aerospace announced today that SkyWest Airlines of St. George, Utah has signed a follow-on firm order for 20 CRJ200* Series regional jets and taken options on a further 20 aircraft. Value of today's firm order is approximately US $470 million (Cdn $694 million). Deliveries under this new order are scheduled to begin in November 2000. The sale brings Bombardier's order intake for the 50-seat CRJ to a record 167 aircraft during the calendar year, a 35 per cent increase over the 123 CRJ sales last year. It was the third CRJ order from SkyWest in 1999. The carrier ordered 25 CRJ200 LR aircraft in January and 10 more in April. Deliveries for these earlier aircraft will begin in June. The transaction increases to 65 the number of firm orders that SkyWest has placed for the 50-seat CRJ. The carrier has options for an additional 55 aircraft. SkyWest was the first U.S. airline to sign on with the Canadair Regional Jet(r) program - in 1989, before the program was officially launched - and the first aircraft entered service with SkyWest on March 24, 1994 from its hub at Salt Lake City. The carrier currently operates 11 CRJ aircraft as Delta Connection. "The Canadair Regional Jet provides excellent economics, range and flexibility, and positions SkyWest to expand our existing service," said Jerry Atkin, president and CEO of SkyWest Airlines. "As we continue to induct new jet aircraft into our fleet, more of our customers enjoy the best product in the regional industry. At the same time, our communities benefit from jet service and enhanced aircraft performance." Said Steven A. Ridolfi, president of Bombardier Aerospace, Regional Aircraft, "We are gratified that SkyWest has chosen to continue its relationship with Bombardier Aerospace. The Canadair Regional Jet has helped propel SkyWest into one of the pre-eminent regional carriers in the United States and we look forward to assisting them in their further growth." The 20 CRJ aircraft ordered today will be based at Salt Lake City and will operate under the Delta Connection partnership. SkyWest said its decision to acquire the aircraft parallels Delta Airlines' evolution to regional jet feed and will provide for manageable growth in new markets as well as supplemental markets primarily out of the Salt Lake City hub. Today's order increases firm sales of the 50-seat CRJ to 612, of which 356 have been delivered. Conditional orders and options for the 50-seat CRJ aircraft stand at 272 aircraft. CRJ700 Series orders and options are 99 and 172 respectively for an overall CRJ family program total of 1,155 aircraft. 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 Cdn $11.5 billion.