Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gilbert Drapeau who wrote (800)	9/21/2000 1:05:22 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier, Lufthansa CityLine Announce Deal for 10 More CRJ700 Series Regional Jets TORONTO, ONTARIO--SEPTEMBER 21, 2000 - 12:58 EDT Bombardier Aerospace has completed negotiations with Lufthansa CityLine for the sale of 10 additional CRJ700* Series regional jets, increasing the German airline's total firm orders for the 70-seat aircraft to 20. Lufthansa CityLine is also considering options for an additional 10 CRJ700 aircraft. Deliveries of the CRJ700 to Lufthansa CityLine will begin in the first quarter of 2001. "The CRJ has become increasingly important to us, establishing new nonstop connections between less frequented German destinations and major European cities, and entering new markets," said Karl-Heinz Köpfle, managing director of Lufthansa CityLine. "Our CRJ700 regional jets will allow us to increase capacity, with a common aircraft on routes developed by our 50-seat CRJ aircraft." "We are proud that Lufthansa CityLine, the regional airline within the Lufthansa Group, with its reputation for technical and operational excellence, has demonstrated confidence in our 70-seat regional jet program by placing this follow-on order before delivery of its first CRJ700," said Steven A. Ridolfi, president of Bombardier Aerospace, Regional Aircraft. "Today's announcement brings total firm orders and options for the CRJ700 Series to 471. The CRJ family is enjoying remarkable success with orders and options for the 50-seat CRJ Series 100/200, 70-seat CRJ700 and 86-seat CRJ900 combined totaling 1,760 aircraft," added Mr. Ridolfi. Lufthansa CityLine placed its initial order for 10 CRJ700 Series aircraft plus 10 options in September, 1998. The transaction announced today represents the conversion of those options to firm orders. Lufthansa's wholly-owned subsidiary, Lufthansa CityLine, was the launch customer for the Canadair Regional Jet and became the first airline to operate the aircraft, in the fall of 1992. With today's announcement, Lufthansa has placed firm orders for 65 CRJ aircraft: 20 CRJ700 Series and 45 CRJ100* Series. Today, 38 CRJ aircraft connect nearly 50 European cities. Bombardier Aerospace, a unit of Bombardier Inc., is the leading business, regional and amphibious aircraft manufacturer. With full design and production capabilities in three countries, it offers the most comprehensive families of turboprop and regional jet aircraft and the widest range of business jets. It also provides the Flexjet fractional business aircraft ownership program, technical services, aircraft maintenance and pilot training for business, regional airline and military customers. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people 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, 2000, totalled Cdn$13.6 billion.