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BBD.A Bombardier Inc

79.26
0.96 (1.23%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bombardier Inc TSX:BBD.A Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.96 1.23% 79.26 78.77 79.35 79.26 77.98 79.25 7,801 21:11:01

United Kingdom-based Lessor Falko Regional Aircraft Limited Signs Letters of Intent for up to 24 Bombardier CS100 Aircraft

12/07/2014 8:43pm

Marketwired Canada


Farnborough Airshow -- Bombardier Aerospace announced today that Falko Regional
Aircraft Limited (Falko) has signed two Letters of Intent (LOIs) in relation to
the purchase of up to 24 firm Bombardier CS100 mainline jets. 


"This year has been instrumental in building a solid relationship with
Bombardier as we placed its regional jet and turboprop aircraft into our leasing
portfolio and today, we are pleased to take the first step towards adding
Bombardier's state-of-the-art CS100 aircraft," said Mark Hughes, Executive Vice
President, Corporate Finance, Falko Regional Aircraft Limited. "As we begin a
period of worldwide growth and expansion with a strong pipeline of acquisitions,
the CSeries aircraft will figure prominently in our plans. We are confident
about its future and positioning in our core marketplace." 


"As a long-established leader and visionary in the commercial aircraft market,
we are thrilled to welcome Falko to the CSeries aircraft family of customers and
lessors. With its clean-sheet design aimed specifically for the 100- to 149-seat
market, we are creating the future with the CSeries aircraft," said Ray Jones,
Senior Vice President, Sales, Marketing and Asset Management, Bombardier
Commercial Aircraft. "As the fourth lessor to recognize the CSeries aircraft's
considerable market potential, Falko brings an impressive amount of knowledge
and experience in placing aircraft in this market segment and we are pleased it
has placed its confidence in the CS100 aircraft." 


As a leading global lessor, Falko has recently placed Bombardier CRJ900 and
CRJ900 NextGen aircraft with long-time Bombardier customers Mesa Airlines Inc.
and Adria Airways, and has also acquired Q400 aircraft on lease to Croatia
Airlines.


CSeries Aircraft 

Bombardier is creating the future with its CSeries aircraft - the only 100 per
cent-new family of airliners specifically designed for the 100- to 149-seat,
single-aisle market. Benefitting from a clean-sheet design that includes
leading-edge technology and systems integration, advanced materials and
latest-generation aerodynamics, the CSeries aircraft offer a 15 per cent(i) cash
operating cost advantage, a 20 per cent(i) fuel burn advantage, exceptional
operational flexibility, widebody comfort and an unmatched environmental and
noise footprint. 


The CS100 aircraft offers unmatched flexibility for many airline business models
and is an ideal solution for hot-and-high and city-centre airport operations. 


As of today, Bombardier has booked orders and commitments for 471 CSeries
aircraft, which include firm orders for 203 CSeries airliners.


About Falko 

Falko was formed in July 2011 following the management buy-in, led by Jeremy
Barnes, of BAE Systems Asset Management and its associated aircraft portfolio. 


Falko has a clear growth strategy and intends to continue to expand the business
and grow its portfolio of aircraft and services with particular focus on the
regional aircraft market. With offices in Europe, Asia, South America and
Australasia, Falko is well positioned to deliver a range of solutions across the
globe. Twitter: Falko_ra


About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking
far ahead while delivering today, Bombardier is evolving mobility worldwide by
answering the call for more efficient, sustainable and enjoyable transportation
everywhere. Our vehicles, services and, most of all, our employees are what make
us a global leader in transportation. 


Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
World and North America Indexes. In the fiscal year ended December 31, 2013, we
posted revenues of $18.2 billion. News and information are available at
bombardier.com or follow us on Twitter @Bombardier.


Notes to editors 

Images of CSeries aircraft are posted with this news release at www.bombardier.com. 

Additional images and videos of CSeries aircraft are available in the CSeries
Hub at cseries.com. B-roll is available at bcamediafootage.com. 


Follow @Bombardier_Aero on Twitter to receive the latest news and updates from
Bombardier Aerospace. 


Please visit Bombardier's Web site dedicated to its upcoming events at the
Farnborough International Airshow at airshows.bombardier.com. 


(i) The CSeries aircraft are in the development phase. All data and
specifications are estimates, subject to changes in family strategy, branding,
capacity and performance during the development, manufacture and certification
process. All performance references have been estimated based on a 500-nm North
American operating environment and comparisons are to in-production aircraft.


Bombardier, CRJ900, CS100, CSeries, NextGen, Q400, and The Evolution of Mobility
are trademarks of Bombardier Inc. or its subsidiaries.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bombardier Commercial Aircraft
Marc Duchesne
+1-416-375-3030
marc.duchesne@aero.bombardier.com
www.bombardier.com

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