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Company : Business Wire 
Tuesday, September 28, 2004 10:20AM IST (4:50AM GMT)
 
(BW)(BOMBARDIER-AEROSPACE)(BBD.A.TO)(BBD.B.TO)
Bombardier Signs with Air Canada for up to 90 CRJ Regional Jets
Toronto, Canada

Bombardier Aerospace (TSX:BBD.A) (TSX:BBD.B) announced Monday that it has signed a contract with Air Canada for the sale of up to 90 Bombardier CRJ aircraft, as follows:

-- 45 orders of which 30 are firm orders (15 Bombardier CRJ700 Series 705 and 15 Bombardier CRJ200) and fifteen conditional orders (Bombardier CRJ200);

-- 45 options.

Air Canada has ordered the Bombardier CRJ regional jets for its wholly owned regional airline, Air Canada Jazz. The contract is contingent upon Air Canada's emergence from bankruptcy protection under the Companies' Creditors Arrangement Act (CCAA).

This contract has a potential value of approximately $2.45 billion US. The firm order portion of the agreement has a value of approximately $821.2 million US.

Deliveries of the CRJ200 model are scheduled to commence in 2004, with deliveries of the CRJ700 Series 705 model commencing in 2005.

"Air Canada and Air Canada Jazz have had tremendous success with the current fleet of 25 Bombardier CRJ100 and 10 CRJ200 aircraft," said Steven A. Ridolfi, President, Bombardier Regional Aircraft. "We are fully confident that Air Canada's new CRJ200 and CRJ700 Series 705 aircraft will help grow their business further."

"We welcome these new CRJ aircraft into our fleet," said Joseph D. Randell, President and Chief Executive Officer, Air Canada Jazz. "They are the most efficient type of aircraft to serve many of our current and future markets. We also look forward to having Executive Class seats available to our passengers in the CRJ700 Series 705."

The CRJ200 aircraft ordered for Air Canada Jazz feature 50 seats in Hospitality Class Service (R). The CRJ700 Series 705 aircraft feature a dual-class configuration of ten Executive Class(R) seats at an ample 38-inch (96.5 cm) pitch and 65 Hospitality Class Service(R) seats at a comfortable 34-inch (86.5 cm) pitch.

Air Canada Jazz will be the first operator of the Bombardier CRJ700 Series 705 LR aircraft. Powered by two General Electric CF34-8C5 turbofan engines, the Series 705 LR has a maximum take-off weight (MTOW) of 84,500 pounds (38,330 kg) with a range capability of over 2,200 miles (3,500 km) and cruising speed of 547 mph (880 km/h).

Air Canada and Air Canada Jazz are members of Star Alliance. Other Star Alliance partners operating CRJ aircraft include Adria Airways, Austrian arrows, Lufthansa Regional, United Express and US Airways Express. Bombardier Q400 turboprop airliners are operated by Lufthansa Regional, Austrian arrows, and also Star Alliance partners SAS Commuter and Air Nippon Network Ltd., while US Airways Express carriers operate Dash 8 aircraft. Air Canada Jazz also operates a fleet of 71 Dash 8 aircraft.

Firm orders for the CRJ family of regional jets - the most successful regional aircraft program in history - as of August 31, 2004 stood at 1,380 aircraft. Conditional orders and options could increase the program total to 2,520 CRJ Series 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, 2004 were $15.5 billion US 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.

Note to Editors:

Images of Air Canada Jazz CRJ200 and CRJ700 Series 705 aircraft are available in our web site multimedia library at: www.aero.bombardier.com/htmen/F15.jsp

Bombardier, CRJ, CRJ100, CRJ200, CRJ700 Series 705, Q400 and Dash 8 are trademarks of Bombardier Inc. or its subsidiaries.

(R) Trademarks of Air Canada

 
 
 
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