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BBD.B Bombardier Inc

98.45
2.63 (2.74%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bombardier Inc TSX:BBD.B Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.63 2.74% 98.45 98.03 98.20 98.85 96.20 96.20 314,404 22:40:00

Bombardier Discloses Gulf Air as Airline Customer for 10 CSeries Aircraft and Options for Another Six

04/06/2013 4:23pm

Marketwired Canada


Bombardier Aerospace and Gulf Air disclosed today that a previous firm order for
10 CS100 aircraft, with options for an additional six aircraft, was placed by
Gulf Air, the national carrier of the Kingdom of Bahrain. The firm order was
announced by Bombardier on June 20, 2011. The CSeries aircraft was selected
following a detailed and thorough evaluation, including other competing
aircraft, conducted by Gulf Air in accordance with the Bahrain Tender Board
rules.


Bombardier Aerospace and Gulf Air confirmed they were working together to ensure
that the CSeries aircraft meets the goals of the airline's ongoing
restructuring, in line with its mandate to achieve long-term sustainability.


"Over the past four years, Bombardier Commercial Aircraft has tripled its
aircraft representation in the Middle East and Africa, and altogether, more than
200 Q-Series turboprops, CRJ Series regional jets and CSeries aircraft are in
service with, or have been ordered by, operators in the Middle East and Africa,"
said Mike Arcamone, President, Bombardier Commercial Aircraft. "More than 2,600
Q-Series and CRJ Series commercial aircraft have been delivered to operators
around the world, covering all continents and operating in diverse and often
challenging terrains."


About CSeries Aircraft

Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries
aircraft family combines advanced materials, leading-edge technology and proven
methods to meet commercial airline requirements. Powered by Pratt & Whitney
PurePower PW1500G engines, the CSeries aircraft family will offer a 15(i) per
cent cash operating cost advantage and a 20(i) per cent fuel burn advantage.
With the extra capacity seating option, the CS300 aircraft's productivity
further improves, offering airlines an average of four(i) per cent additional
cash operating cost advantage per seat. The CSeries aircraft's clean-sheet
design is ensuring that the aircraft will achieve greatly reduced noise and
emissions, as well as superior operational flexibility, exceptional airfield
performance and a range of 2,950 nm (5,463 km)(i). The CSeries aircraft will be
up to 12,000 lbs. (5,443 kg)(i) lighter than other aircraft in the same seat
category and will provide passengers with a best-in-class, widebody cabin
environment in a single-aisle aircraft.


As of March 31, 2013, Bombardier had booked orders and commitments for 388
CSeries aircraft, which includes firm orders for 145 CSeries airliners.


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, 2012, we
posted revenues of $16.8 billion. News and information are available at
bombardier.com or follow us on Twitter @Bombardier.


About Gulf Air 

Founded in 1950, Gulf Air is the proud national carrier of the Kingdom of
Bahrain. As a pioneering airline in the Middle East region with over sixty years
of experience and expertise in flying people across continents, Gulf Air is
today one of the most powerful brands and a name to reckon with in the global
aviation industry. 


One of the prime objectives of Gulf Air is to connect Bahrain to the Middle East
countries and the rest of the world. As such the airline currently operates the
largest network in the Middle East with non-stop flights while providing
seamless onward connections to other international destinations. The airline's
current network stretches from Europe to Asia, connecting 32 cities in 21
countries, with a fleet of 26 aircraft. 


In tune with the Kingdom's economic blue print, 'Vision 2030', Gulf Air's
strategy is to build an efficient, commercially sustainable and dynamic airline
that effectively serves the people and the economy of Bahrain and represents the
Kingdom on the world stage. Reflecting the needs and aspirations of its
customers, the strategy focuses on three core areas: a targeted, more focused
international network; a superior, more consistent product; and a modern, more
efficient fleet that will optimize value. Gulf Air's goal reflects a commitment
to the latest aviation technology complemented by the hallmark Arabian
hospitality for which the airline is well known.


Gulf Air is the official sponsor of the 2013 Formula One Gulf Air Bahrain Grand
Prix. 


For more information please visit http://www.gulfair.com 

Follow @GulfAir on Twitter to receive the latest news and updates from Gulf Air

Notes to editors

Images of Gulf Air CS100 aircraft are available in the press releases section
at: www.bombardier.com.


For additional images, video and product information on CSeries aircraft, please
visit: www.cseries.com. 


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


(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, CRJ, CS100, CS300, CSeries, Q-Series and The Evolution of Mobility
are trademarks of Bombardier Inc. or its subsidiaries.


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


Katherine Kaczynska
Senior Manager Corporate Communications
Gulf Air
+973 17338416 - +973 36500292
katherine.kaczynska@gulfair.com

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