Bombardier Places First Q300 With Australia's Qantas Airways.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 28, 2000 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.) announced today that Qantas Airways has placed a firm order for one 50-seat Q300* 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 on behalf of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Sunstate Airlines Sunstate Airlines is a subsidiary of Qantas which operates regional flights under the QantasLink banner throughout Queensland. The airline was originally an independent company operating in Queensland. of Brisbane, Australia. The aircraft, the first 50-seat turboprop in Australian regional airline service, will enter revenue service in March 2000, joining the six 36-seat Dash 8(R) Series 100 and Q200* aircraft already in the Sunstate fleet. Sunstate will utilize its new aircraft between Cairns/Horn Island and Townsville/Cairns. &uot;Our requirement for an increase in capacity is a result of growing demand for seats at peak times on the Cairns/Horn Island route,&uot; said Ashley Kilroy, general manager of Sunstate Airlines. &uot;The new aircraft will also help us expand our operations around our route network by upgrading the Cairns/Hamilton Island service to daily as well as extending the existing Brisbane/Newcastle route on to Melbourne.&uot; With the inclusion of Melbourne, Sunstate's route network along Australia's east coast will be longer than the distance between Gander Gander, town (1991 pop. 10,339), NE Newfoundland, N.L., Canada. Gander's airport, an important base in World War II, is a hub for international flights; it also attracts many refugees. It was the site of a Dec. , Newfoundland, and London, England, and the longest turboprop route network in the world. Delivery of the Sunstate Q300 will increase to 37 the number of Q Series Dash 8 aircraft with Australian carriers. 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 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. , 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. (R) Registered trademark of Bombardier Inc. * Trademarks of Bombardier Inc. |
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