Bombardier Introduces New Global 5000: Scheduled to Fly in 2003, Enter Corporate Service in 2004.Business Editors MONTREAL--(BUSINESS WIRE)--Oct. 25, 2001 Bombardier (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 introduced the Bombardier Global 5000(a), a high-speed intercontinental business jet that will set new standards in the super-large jet niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. . The Bombardier Global 5000 will fly non-stop from central 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. to continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. at a speed of Mach 0.85 (561 mph; 903 km/h), with eight passengers plus three crew. It will also fly non-stop at Mach 0.85 (561 mph; 903 km/h) from Europe to central North America. The Bombardier Global 5000 will enter corporate service in late 2004. 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). is now seeking commitments from prospective customers, heading towards a formal program launch within the next few months. The program is currently in development and first flight is anticipated in the first quarter of 2003. Type certification is expected in the first quarter of 2004. "The Bombardier Global 5000 will become the new standard in intercontinental, high-speed travel," said Robert E. Brown Robert E . "Bob" Brown (18 April 1927 - 29 November 2005) was an ethnomusicologist who is credited with coining the term "world music". He was also well known for his recordings of music from Indonesia. , president and chief executive officer, Bombardier Inc. "It continues the Bombardier tradition of providing a superior aircraft to business jet customers at a competitive price and will become the jet against which all aircraft in its class must be measured." "We are currently designing the Bombardier Global 5000 to deliver great value in its class. It will offer one of the widest and most spacious cabins in its class, be able to take off from short runways, be fully compliant with Transport Canada Transport Canada is the department within the government of Canada which is responsible for developing regulations, policies and services of transportation in Canada. History , Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control and Joint Aviation Authorities' stringent regulatory requirements - all at a competitive price," added Pierre Beaudoin, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Bombardier Aerospace. The Global 5000 - Bombardier's 12th new aircraft in 12 years - is positioned between the top-selling wide body Challenger(R) 604 and the ultra long-range Bombardier Global Express The Bombardier BD-700 Global Express is an ultra long range corporate and VIP high speed jet which has also been modified for military missions. Bombardier began studies in 1991 and the aircraft was officially launched in 1993. First flight occurred on October 13 1996. (R) aircraft. It will compete in the super-large jet segment which, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry forecasts, will require some 750 aircraft by the year 2010. Bombardier officials introduced the aircraft during a ceremony at its Montreal Completion Center. The occasion was attended by some 200 guests including Bombardier customers, prospects, aviation industry officials, aviation/trade press, local media and special guests. Rich lineage Bombardier invested 24 months to study the market requirements and then explored its design options - before determining that the Global Express platform was the best choice to meet the specific market needs. "The Bombardier Global 5000 was driven by Bombardier prospective's customers telling us what they need and want in a new super-large business jet," remarked Mr. Beaudoin. "The Bombardier Global 5000 inherits the speed, superior performance capabilities and sophisticated systems from its parent, our flagship Bombardier Global Express. "Operators will truly benefit from this lineage. This allows us to develop a product that the market has asked for - offering more range at high speed, more versatility and more cabin space than other aircraft in its class. And, it will enter corporate service very quickly," stated Mr. Beaudoin. As it has with previous aircraft development programs, Bombardier is teaming with international risk-sharing participants to design and produce critical components and aircraft systems. Bombardier Aerospace has developed a high degree of design expertise in business aircraft ranging from the Bombardier Learjet(R) 45 super-light jet, with its first delivery in May 1998, the Bombardier Global Express ultra long-range aircraft, with its first delivery in July 1999, right up to the super-midsize Bombardier Continental(a) aircraft, currently beginning its flight test and certification program. Additionally, Bombardier Global 5000 operators will benefit from Bombardier's expertise in designing and building the industry's leading regional aircraft, enjoying airliner reliability and maintainability, and competitive operating costs operating costs npl → gastos mpl operacionales . "By applying new technologies in design and manufacturing and committing to superior standards of quality control, Bombardier Aerospace has a proven ability to design, build and support the highest quality products and services. The Bombardier Global 5000 will reach the market with quality and reliability that is amoung the highest for a new aircraft," observed John Holding, executive vice-president, Engineering and Product Development, Bombardier Aerospace. Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design and manufacture of innovative aviation products and 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, aircraft charter and management, 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 24 countries in the Americas, Europe and Asia-Pacific and its revenues for the fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. (R) Registered trademarks of Bombardier Inc. and/or its subsidiaries (a) Trademarks of Bombardier Inc. Note to Editors: Artist Rendition of the Bombardier Global 5000 and photo of today's event will be available on our Web site photo gallery at: www.aero.bombardier.com/htmen/F15.htm - as well as via the Canadian Press. |
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