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 (1141)	1/27/2004 12:37:36 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Wins Follow-On Order for 20 CRJ Aircraft From Mesa Air Group TORONTO, ONTARIO--JANUARY 27, 2004 - 10:38 ET Regional jet revolution continues with additional CRJ700 & CRJ900 order. Bombardier Aerospace announced today that Mesa Air Group, Inc. of Phoenix, Arizona has placed a firm order for a total of 20 Bombardier CRJ700(i) and CRJ900(i) regional jets. The mix of models will be determined at a later date. The order is valued at an estimated $637 million U.S. ($837 million Cdn.) and represents the conversion of 20 of the 40 options that Mesa holds on the Bombardier CRJ700 and CRJ900 aircraft. Mesa Air Group currently operates 69 Bombardier CRJ aircraft including 43 CRJ200, 15 CRJ700 and 11 CRJ900 aircraft. In addition a further 11 CRJ200 from Midway Airlines will soon join its fleet. When the delivery of this recent order is complete Mesa Air Group will operate some 114 Bombardier CRJ aircraft and will have options on another 20 regional jets. "We are delighted by Mesa Air Group's continuing confidence in our CRJ family of aircraft. As a partner of America West, United and US Airways, Mesa CRJ aircraft have proven themselves throughout the United States," said Steven A. Ridolfi, president, Bombardier Aerospace, Regional Aircraft. "Their low operating costs, coupled with additional economic benefits brought about by fleet commonality and same type rating between the Bombardier CRJ200, CRJ700 and CRJ900, offer additional, and substantial, cost savings. "This order is yet more evidence that the regional airline revolution is continuing, and that Bombardier continues to lead the market in regional jets," Mr. Ridolfi added. Mesa Air Group currently operates a total of 158 aircraft with 984 daily departures to 159 cities in 39 states, the District of Columbia, Canada, Mexico and the Bahamas. It operates in the West and Midwest as America West Express; the Midwest and East as US Airways Express; in Denver as United Express; in Kansas City as Midwest Express; and in New Mexico and Texas as Mesa Airlines. Firm orders for the Bombardier CRJ family now stand at 1,309, with 1,015 delivered to 37 customers as of December 31, 2003. Bombardier recently celebrated the 1,000th CRJ delivery making the program the most successful regional aircraft program in history. Conditional orders and options could boost the CRJ program total to 2,578 aircraft. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2 billion Cdn and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com. N.B. Fiscal year 2002-03 revenues have been restated following the sale of the recreational products business. (i) Trademarks of Bombardier Inc. or its subsidiaries.