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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 (715)	2/17/2000 9:03:00 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

BOMBARDIER CONSOLIDATES LEADERSHIP POSITION IN ASIA/PACIFIC AND SIGNS THIRD NEW AIRLINE CUSTOMER IN CHINA FEBRUARY 17, 2000 TORONTO, ONTARIO--Bombardier Aerospace today announced the sale of three CRJ200* Series regional jet aircraft to Shanghai Airlines. The sale, valued at approximately US $68 million (Cdn $98 million), constitutes the third new airline customer in China in less than a year. "We look forward to the addition of Bombardier's CRJ200 Series to our fleet," said Shanghai Airlines president Zhou Chi. "Our intention is to develop and build new markets with the CRJ that, at the present time, would not be viable with our larger jet equipment," he said. "We are very gratified with our success in China over the past several months," said James E. Dailly, vice president sales, Asia/Pacific, Bombardier Aerospace, Regional Aircraft. "We have focussed our efforts on the Chinese market recently and we are proud that airlines such as Shanghai Airlines have chosen our products as practical business tools in China's air transport industry," he said. The airline, formed in 1985 as the first commercial airline in China, currently operates 100 routes connecting 35 destinations. Its fleet, consisting of Boeing 767, 757 and 737 aircraft, offered travelers in China a choice of 20,000 flights or 55 flight segments daily over the past year. The City of Shanghai and Bank of China are the majority shareholders for the independently managed airline. The sale brings Bombardier's orderbook for the CRJ family to 726 aircraft including 371 deliveries and 355 backlogged orders. For the Asia/Pacific market specifically, it brings the orderbook to 30 CRJ aircraft, underlining Bombardier's strong leadership in this market. In China alone, in November 1999, Bombardier Aerospace announced the sale of five CRJ200* regional jet aircraft to Shandong Airlines in coastal China. Earlier in the year, it announced a contract for the sale of three of its quiet Q400 Series Dash 8(r) turboprop airliners to Changan Airlines of Shanxi Province in that country. 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 Jan. 31, 1999, totalled Cdn $11.5 billion. (r) Registered trademark of Bombardier Inc. * Trademarks of Bombardier Inc.