Bombardier Makes CRJ200 Series Sale in China to Shandong Airlines.TORONTO--(BUSINESS WIRE)--Nov. 8, 1999-- 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.) (ME:BBD.A.) (TSE:BBD.B.) (ME:BBD.B.) today announced the sale of five CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 200* regional jet aircraft to 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. in central China. The contract, valued at US $116 million (Cdn $170 million), represents the first CRJ sale to a scheduled regional airline operator in China. The signing took place in Beijing on Saturday, November 6 during a ceremony in the Summer Palace attended by representatives of the Government of the Province of Shandong, State Development and Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle , CAAC CAAC Civil Aviation Administration of China CAAC Civilian Agency Acquisition Council CAAC Capital Area Activities Conference (Lansing, Michigan, USA) CAAC Clean Air Action Corporation CAAC Citizens' Action Against Crime , CASC CASC Community Amateur Sports Club CASC Carl Albert State College CASC California Association of Student Councils CASC Central Administrative Support Center CASC Canadian Automobile Sports Club CASC California Air and Space Center , senior Bombardier executives and members of the media. "Shandong Airlines is acquiring Bombardier's CRJ200 aircraft for expansion and growth on our regional routes throughout The Peoples' Republic of China," said airline president and chairman Mr. Sun Dehan during the ceremony. "The CRJ will join our fleet of 737s and 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 aircraft on a variety of scheduled revenue passenger services as well as charter and VIP operations once delivered," he said. Mr. James Dailly, vice president Asia/Pacific sales for Bombardier Aerospace, Regional Aircraft, said, "We are delighted that Shandong Airlines will become the first regional airline in China to operate our CRJ regional jet. We are confident that our CRJ will support Shandong's growth plans perfectly as the airline augments its service throughout the country." Shandong Airlines is headquartered in Ji'nan, capital of Shandong Province about 500 kilometres south of Beijing. Five Corporate Jetliner* aircraft are currently in service operated by China United Airlines. In addition, three 56-seat Dash 8(r) turboprop airliners from Bombardier have been in operation with Zhejiang Airlines for several years. Recently, Changan Airlines of Shaanxi Province in central China placed an order for three 78-seat Q400 Dash 8 aircraft with Bombardier. Bombardier Aerospace, a unit of Bombardier Inc., is the world's third largest civil aircraft manufacturer with operations in three countries. Leading the 20- to 70-passenger regional carrier market, Bombardier Aerospace offers complete families of turboprop and regional jet aircraft. It has the industry's widest range of business jets, offering both full and fractional ownership, and also produces firefighting/maritime mission aircraft. It provides technical services, aircraft maintenance and pilot training to business, regional airline and military customers. Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products and financial services. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 per cent of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1999, totalled Cdn $11.5 billion. * Trademarks of Bombardier Inc. (r) Registered trademark of Bombardier Inc. www.aero.bombardier.com |
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