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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 (896)5/23/2001 12:56:48 AM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier Finalizes Sale of up to 80 CRJ Aircraft With
Mesa Air Group: Mesa Becomes North American Launch
Customer for CRJ900

TORONTO, ONTARIO--MAY 22, 2001 - 16:47 EDT
Bombardier Aerospace today announced it has
finalized a sale with Phoenix-based Mesa Air Group for up to 80
Bombardier CRJ* regional jet aircraft, confirming a letter of
intent announced earlier this spring.

The deal calls for the U.S. regional carrier to purchase 20
70-seat CRJ700* and 20 86-seat CRJ900* aircraft plus 40 options.
The firm aircraft portion of the transaction is worth
approximately U.S.$1.2 billion (Cdn.$1.9 billion). Deliveries of
the firm aircraft will begin in the first quarter of 2002 for the
CRJ700 and the first quarter of 2003 for the CRJ900.

"We are delighted to become the North American launch customer for
the CRJ900 aircraft," said Jonathan Ornstein, chairman and chief
executive officer of Mesa Air Group when he initially announced
his airline's intention to order CRJ aircraft in March of this
year. "We believe that the new aircraft will precisely match the
blended operating, financial and performance needs of both America
West and Mesa. This reaffirms our commitment to Bombardier and
its family of regional aircraft," he said.

Mesa intends to operate the aircraft on behalf of America West
Airlines under a recently concluded long-term code sharing
agreement.

Mesa's contract will make it the first airline to fly all three
variants of Bombardier's CRJ product line.

Bombardier's CRJ orderbook now totals 2,230 aircraft - 510
delivered, 590 on firm order backlog and 1,130 conditional orders
and options.

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(R) 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 79,000 people in 23 countries
in the Americas, Europe and Asia-Pacific. Bombardier's revenues
for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion and
more than 90% were generated outside Canada.

(R) Registered Trademarks of Bombardier Inc.

* Trademarks of Bombardier Inc.



To: Gilbert Drapeau who wrote (896)5/23/2001 1:00:46 AM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier Inc.: Strong Revenue and Earnings Growth, Finalization of Adtranz Acquisition Among Highlights of Bombardier's First-Quarter Performance

MONTREAL, QUEBEC--2001-05-22

adviceforinvestors.com



To: Gilbert Drapeau who wrote (896)5/24/2001 3:14:46 PM
From: Gilbert Drapeau  Read Replies (1) | Respond to of 1177
 
Bombardier Unveils New Outboard Engines Manufacturing
Structure, Planning Fall Start-Up of Evinrude, Johnson
Production

STURTEVANT, WISCONSIN--MAY 24, 2001 - 13:32 EDT
Bombardier Recreational Products today
announced a new, world-class manufacturing structure to capture
market leadership for its renowned outboard engine brands -
Evinrude(R), Johnson(R) and the state-of-the-art FICHT(R) Ram
injection technology.

Bombardier will begin manufacturing operations this fall and will
offer its customers a complete line of the best engines that money
can buy. The processes and functions to be performed in a new
facility located in Sturtevant, Wisconsin, include engine assembly
and final assembly, production line emissions testing and final
engine testing.

Bombardier has chosen a new manufacturing, sales and marketing
site in Sturtevant, Wisconsin, as the 1,000-employee hub of a
2,700-member outboard engines business - extending from the U.S.
mid-west to Asia. Production of Evinrude and Johnson outboard
engines in the U.S. is expected to begin this fall in the
three-year-old existing buildings at 10101 Science Drive. This
facility is approximately 20 miles south of Milwaukee, two miles
east of Interstate 94, 35 miles north of Waukegan, Illinois where
research and development, customer and dealer services and other
administrative activities are performed.

The selection of Sturtevant is key to a new outboard engines
manufacturing strategy that promises a bright future for the
Evinrude, Johnson and FICHT brands, according to Roch Lambert,
vice president and general manager of the Boats and Outboard
Engines division. "Building world-class brands is central to the
Bombardier success story, and has made us a leader in every
category we serve," Lambert emphasized. "We have the capacity and
staying power to bring serious competition to the outboard engine
business."

Governor Praises Plant Decision

Lambert was joined at the site for today's announcement by
Governor Scott McCallum, who praised the decision by Bombardier to
locate new outboard engine headquarters, manufacturing and
marketing in Wisconsin.

"This is great news for Wisconsin and especially for Racine
County," Governor McCallum said. "Bombardier is the type of
world-class manufacturer I am happy to welcome to Wisconsin. The
expansion is expected to create up to 1,000 family-supporting
jobs."

Added Lambert, "Sturtevant's production, sales and marketing and
administrative employees will comprise the largest single location
within the new Boats and Outboard Engines division."

Lambert said that Sturtevant consolidates engine assembly
operations and the machining of lost foam castings, an important
boost for productivity and quality. "We've developed a state-of
the-art engine manufacturing strategy," Lambert said. "We're
applying the strength of Bombardier Recreational Products - an
organization with the management and financial resources to assure
the strategy's success."

New Manufacturing Structure Announced

Bombardier, which in March purchased the outboard engine assets of
the former Outboard Marine Corporation, is also implementing other
changes in the division's manufacturing structure to increase
competitiveness.

The Boats and Outboard Engines division will operate at two
additional Wisconsin locations, one in Delavan, where it produces
electronic components for Evinrude engines with FICHT Ram
injection technology, and another in Beloit, where parts and
accessories distribution is centralized. Production operations
will also resume in Andrews and Spruce Pine, North Carolina. The
former OMC OMEX operation in Mexico will continue and the newly
acquired former OMC Hong Kong and mainland China facilities will
be reopened soon.

"Working in Sturtevant along with other facilities that will make
up Bombardier's world-class manufacturing structure will be
exciting, challenging and rewarding for those who will contribute
to the rebirth and bright future for the Evinrude, Johnson and
FICHT brands," Lambert said.

"Bombardier will foster a highly competitive and effective
workforce within a strong framework of corporate values that
recognize the value of entrepreneurship, hard work, commitment to
customers and the potential for individuals to make a difference,"
he added. "Bombardier is a company where individuals can excel."

Bombardier Recreational Products designs, develops, builds,
distributes and markets Ski-Doo(R) and Lynx(R) snowmobiles,
snowgrooming equipment and multi-purpose tracked vehicles,
Sea-Doo(R) watercraft and sport boats and Bombardier(R)
all-terrain vehicles. Snowmobiles, ATVs, watercraft and some
sport boats are powered by Rotax(R) engines that are designed and
built by Bombardier-Rotax GmbH, which also builds motors for
motorcycles, scooters, karts and aircraft. In March 2001, the
group acquired the Evinrude(R) and Johnson(R) outboard marine
engines as well as the FICHT(R) Ram fuel injection technology.

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 79,000 people in 23 countries
in the Americas, Europe and Asia-Pacific. Bombardier's revenues
for its fiscal year ended Jan. 31, 2001 totaled $16.1 billion and
more than 90% were generated outside Canada.

(R) Trademarks of Bombardier Inc. and its affiliates.