Bombardier Finalizes Sale of up to 80 CRJ Aircraft With Mesa Air Group: Mesa Becomes North American Launch Customer for CRJ900.Business Editors TORONTO--(BUSINESS WIRE)--May 22, 2001 Bombardier Aerospace (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.) today announced it has finalized a sale with Phoenix-based Mesa Air Group Mesa Air Group (NASDAQ: MESA) is a Nevada Corporation[1] commercial aviation holding company with headquarters in Phoenix, Arizona. The company operates three regional airline subsidiaries: Mesa Airlines, Freedom Airlines, and Air Midwest, and five supporting for up to 80 Bombardier CRJ(a) regional jet aircraft, confirming a letter of intent announced earlier this spring. The deal calls for the U.S. regional carrier to purchase 20 70-seat CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 700(a) and 20 86-seat CRJ900(a) aircraft plus 40 options. The firm aircraft portion of the transaction is worth approximately U.S.$1.2 billion (Cdn.$1.9 billion). Deliveries of the firm aircraft will begin in the first quarter of 2002 for the CRJ700 and the first quarter of 2003 for the CRJ900. "We are delighted to become the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. launch customer for the CRJ900 aircraft," said Jonathan Ornstein, chairman and chief executive officer of Mesa Air Group when he initially announced his airline's intention to order CRJ aircraft in March of this year. "We believe that the new aircraft will precisely match the blended operating, financial and performance needs of both America West and Mesa. This reaffirms our commitment to Bombardier and its family of regional aircraft," he said. Mesa intends to operate the aircraft on behalf of America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group. At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International under a recently concluded long-term code sharing agreement. Mesa's contract will make it the first airline to fly all three variants of Bombardier's CRJ product line. Bombardier's CRJ orderbook now totals 2,230 aircraft - 510 delivered, 590 on firm order backlog and 1,130 conditional orders and options. Bombardier Aerospace, a unit of Bombardier Inc., is the leading business, regional and amphibious aircraft 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(R) 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 79,000 people in 23 countries in the Americas, Europe and Asia-Pacific. Bombardier's revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion and more than 90% were generated outside Canada. (R) Registered Trademarks of Bombardier Inc. (a) Trademarks of Bombardier Inc. http://www.aero.bombardier.com |
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