Bombardier Aerospace Expands and Realigns Fractional Ownership Management Team.Business Editors DALLAS--(BUSINESS WIRE)--March 29, 2001 Bombardier Aerospace Bombardier Aerospace is a division of the Bombardier group, with the third largest workforce (behind Boeing and Airbus) and the fourth largest in yearly delivery of commercial airplanes (behind Boeing, Airbus and Embraer). (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A.) (TSE:BBD.B.) has realigned and expanded its Flexjet(R) senior management team to meet the needs of its growing fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. customer base. Pierre Beaudoin, president, Bombardier Aerospace, Business Aircraft, today announced that Clifford Dickman and Michael McQuay, two highly experienced business aviation executives, have joined the Dallas-based organization. Dennis Keith, one of the firm's founders who has served as its president since 1998, will also be a part of the new leadership team, focusing on business development opportunities. Mr. Dickman will assume overall responsibility for Flexjet operations in both the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe as president, Business Jet Solutions(R) while Mr. McQuay joins the company as vice-president and general manager, Flexjet, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "This realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. , and the added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"Clifford brings over 20 years broad industry experience to Flexjet including leadership roles in customer service, marketing, engineering and finance. Michael adds 30+ years of expertise in aircraft and flight operations, maintenance and customer service, as well. We are very pleased to have them join Flexjet and help us achieve our goal of providing our customers with the most efficient and responsive fractional ownership program available," he continued. "I am also pleased that Dennis Keith will continue to contribute his considerable knowledge of the industry to the organization in the newly-created role of senior vice-president, business development, Business Jet Solutions. He will focus on new business segments such as aircraft management, branded charter and corporate shuttle operations. His dedication to our owners and his personal leadership over the life of the Flexjet program have been key to our current success," Mr. Beaudoin stated. Mr. Dickman first joined Bombardier Aerospace as vice-president and general manager, Business Aircraft from Pratt & Whitney Canada were he held several executive level positions. Mr. McQuay will be joining Bombardier from Air Pacific Limited were he held the position of managing director and chief executive officer. Mr. Keith joined Bombardier Aerospace in 1995 as vice-president of sales and marketing at Flexjet following a 29-year career in business aviation with Frito Lay Inc. "We are extremely pleased to have a management team of this calibre in place at Business Jet Solutions and Flexjet," Mr. Beaudoin noted, adding that "these changes demonstrate our ongoing commitment to the fractional ownership segment of the industry and our desire to continue to provide a wide range of industry-leading business aircraft services to our customers." Bombardier Aerospace, a unit of Bombardier Inc., is the leading business, regional and amphibious aircraft Noun 1. amphibious aircraft - an airplane designed to take off and land on water amphibian aeroplane, airplane, plane - an aircraft that has a fixed wing and is powered by propellers or jets; "the flight was delayed due to trouble with the airplane" manufacturer. With full design and production capabilities in three countries, it offers the most comprehensive families of turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a and regional jet aircraft and the widest range of business jets. It also provides the Flexjet 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 mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. recreational products. It is also a provider of financial services and asset management. The Corporation employs 58,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion. (R) Registered trademarks of Bombardier Inc. or Learjet Inc. - Trademark of Bombardier Inc. or Learjet Inc. Note to editors: Clifford Dickman photo available at www.aero.bombardier.com/htmen/F15.htm |
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