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

To: Carpe per Diem who wrote (760)	6/10/2000 12:52:00 AM
From: Richard Woo	Respond to of 1177

Bombardier lands $2-billion sale of 50 regional jets to GE Capital Aviation HOLLIE SHAW TORONTO (CP) - Bombardier Aerospace has inked a $2-billion deal to supply regional jets to a major U.S. aircraft leasing company, the latest lucrative agreement in what's been a banner year for the Montreal transportation giant. The transaction with GE Capital Aviation Services, announced Friday, includes 50 firm aircraft orders worth almost $2 billion plus 100 options that could push the total value of the pact to just under $6 billion. Analysts and investors applauded the deal, pushing the company's class B shares up $1.45 to close at $39.70 on the Toronto Stock Exchange. "It's another significant order in the history of Canadair's regional jet program," said Frederick Larkin, an analyst at HSBC Securities Canada Inc. in Toronto. Marko Pencak, an analyst at CS First Boston in Toronto, said the deal fattens Bombardier's already bulging order book and underpins the company's growth expectations. Bombardier, one of Canada's most successful industrial companies with 56,000 employees worldwide, said the GE deal marks its first major order from an aircraft leasing company for its regional jets, which are built in Montreal. Deliveries will begin in 2002 and stretch through late 2006. Bombardier's net profits surged by 30 per cent in 1999 to $718 million and it expects earnings per share growth of 30 to 40 per cent in the current fiscal year. Friday's announcement is the latest in a series of rich contracts Bombardier has struck this year. In February, Bombardier won a $660 million order to build 252 railway vehicles for a key railway company in the Netherlands. In March, it signed a $2.92 billion deal with Delta Air Lines to build and deliver 94 Canadair Regional jets. The deal, which promised to creating up to 1,000 jobs in the Montreal area, came on the heels of a $1.2-billion sale with Air Nostrum, the Spanish regional airline. And last month, Bombardier opened a large manufacturing plant in Burnaby, B.C., after winning a B.C. government contract to build cars for a new SkyTrain line in the Vancouver area. The contract could be worth more than $500 million to Bombardier if the local transit authority exercises all its options. Ron Schwartz of CIBC World Markets said GE Capital recently placed similar orders for 70-seat regional jets with Bombardier competitors Embraer and Fairchild Dornier. Each of those orders, at 50 units each, is coupled with options for 100 additional aircraft. "It does somewhat validate the theme that the regional jet market is moving bigger scale," Schwartz said. "As regional airlines have opened up new route structures with 50 seaters, clearly they're generating passenger volume that's beginning to justify putting a 70-seat jet on peak hours, if not bigger." The Bombardier order is made up of 15 of the 50-seat CRJ200s, 25 of the 70-seat CRJ700s and 10 of the 90-seat CRJ900s - an aircraft that has not been formally launched by the company. "(Bombardier's) board wants to have a level of comfort that there is indeed demand for such an airplane, not just expressions of interest," Larkin said. He believes Bombardier will launch the 90-seaters officially at the Farnborough Air Show in Britain in late July. "That will likely include other launch orders, so you'll just see the momentum build in that regard," Pencak added. GE Capital Aviation, with headquarters in Stamford, Conn., and offices around the world, is a wholly owned subsidiary of General Electric Co., one of the world's biggest industrial conglomerates. It owns and manages a fleet of 950 aircraft and provides services to 155 customers in 54 countries. GE Aircraft Engines, another GE division, supplies versions of its CF34 engine to all current models of Bombardier's family of regional jets. "Today's commitments from (GE Capital) bring total deliveries, orders and options for the CRJ jet family to 1,400 aircraft," said Steven Ridolfi, president of the regional aircraft division of Bombardier Aerospace. Bombardier pioneered the regional jet concept when its original 50-seat version entered service in late 1992. Since then, 400 of the 50-passenger jets have been delivered to customers worldwide. The new 70-passenger CRJ700 is set to begin commercial service in the first quarter of 2001. The 90-seat CRJ900 is expected to enter airline service in the fourth quarter of 2002. Bombardier's plants around the world build regional aircraft, corporate jets, commuter rail cars and recreational equipment such as snowmobiles. ¸ The Canadian Press, 2000

To: Carpe per Diem who wrote (760)	6/20/2000 10:18:00 PM
From: Carpe per Diem	Read Replies (1) \| Respond to of 1177

Dividend info.. Bombardier Inc. Dividends MONTREAL, QUEBEC--The Board of Directors of Bombardier Inc. declared the following dividends: Class A and Class B Shares A dividend of $0.03375 per share on the Class A shares (multiple voting) and of $0.03375 per share on the Class B shares (subordinate voting) is payable on July 31, 2000 to the shareholders of record at the close of business on July 14, 2000, the whole reflecting the stock split taking effect on July 7, 2000. Holders of Class B shares (subordinate voting) of record at the close of business on July 14, 2000, who have a right to a priority dividend at the rate of $0.0015625 per share per year, payable by quarterly installments of $0.00039075, will receive the second installment of $0.00039075 per share on July 31, 2000. This rate has been adjusted to reflect the stock split taking effect on July 7, 2000. Series 2 Preferred Shares A quarterly dividend of $0.34375 per share on the Series 2 Preferred Shares is payable on July 31, 2000 to the shareholders of record at the close of business on July 14, 2000.