Bombardier Flexjet Asia-Pacific Member, Rainbow Jet and Shell Sign Charter Contract.Business Editors ZHUHAI, China--(BUSINESS WIRE)--Nov. 4, 2002 Bombardier Flexjet continues to broaden base of business aviation in Asia 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). (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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.TO)(TSX:BBD.B.TO) today announced that Rainbow Jet Co. Ltd - a key member of Bombardier's increasingly popular Flexjet(R) Asia-Pacific program - has signed a block charter agreement with global energy company Shell. Rainbow Jet - a division of Shandong Airlines Shandong Airlines (山东航空) is an airline based in Jinan, Shandong, China. It is a provincial carrier operating mainly domestic trunk routes and secondary schedules from Jinan, Qingdao and Yantai to major cities in China. of China - will use its two new Bombardier Challenger The Challenger is a family of mid-sized business jets produced by Bombardier Aerospace. The original Challengers were designed by Bill Lear as the LearJet 600 and produced by Canadair
The agreement was signed after Rainbow Jet passed a technical audit conducted by Shell Aircraft International, based in London. "This is a significant win both for us at Rainbow Jet and also for the Chinese corporate aviation community as well. Through our dedicated efforts and with the support from Bombardier Flexjet Asia-Pacific, we are well on our way towards establishing Rainbow Jet as the premier business aircraft charter operator in the region," said Mr. Bai Wei San, president, Rainbow Jet. "Moreover, this is also an important development for the Chinese corporate aviation industry. It sends a strong signal to Western corporations that the Chinese corporate aviation community can supply safe and reliable on-demand air transportation using modern aircraft backed by top quality maintenance, support and service," he added. Since taking delivery of its first Bombardier Challenger 604 in April, Rainbow Jet has established several "firsts" in Chinese corporate aviation charter; namely, flying the first Chinese-registered business aircraft into India and the first Challenger 604 jet into Japan. Bombardier Flexjet Asia-Pacific continues impressive growth Rainbow Jet is a member of Bombardier's new Flexjet Asia-Pacific charter network. Officially launched at the Asian Aerospace Asian Aerospace (AA) is an international trade fair for the aerospace business. It had been based at the Changi Exhibition Centre near the Singapore Changi Airport, it is the biggest airshow event in Asia, and was touted by its organisers as the "world’s second most exhibition in February 2002, the charter network facilitates access to business jets based in the region, offering executives and government officials from 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. , Europe and Asia-Pacific a first-rate and reliable travel solution. "Bombardier's focus is to provide the assistance necessary to help all our Asian members run successful business charter operations in their target markets. Rainbow Jet is a pioneer in the Chinese market and has had an impressive debut - and this new agreement with Shell certainly adds to our momentum in China," said Gregory Kalinin, general manager, Bombardier Flexjet Asia-Pacific. "We've done very well in our first nine months of operation; in fact, exceeding many of our internal expectations. This especially applies to Northern Asia where so many U.S. and European corporations are active but, until recently, have not been able to use corporate aviation to conduct and grow their business in the manner to which they're accustomed. This is now changing," observed Mr. Kalinin. Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design, and manufacture of innovative aviation products and provides services for the regional, business 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" markets. It also offers Bombardier Flexjet 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. , aircraft charter and management, technical services, aircraft maintenance and pilot training for business, regional airline and military customers. Bombardier Inc., a diversified manufacturing and services 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 also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (BBD, BOM and BBDd.F). (R) Registered trademarks of Bombardier Inc. Trademarks of Bombardier Inc. |
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