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Bombardier Receives Repeat Order for Canadair Regional Jet Aircraft from Midway Airlines.


TORONTO--(BUSINESS WIRE)--April 8, 1998-- Bombardier Inc.(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.) Midway Airlines Midway Airlines can mean:
  • Midway Airlines (1976-1991), an airline based in Chicago, Illinois and operating out of Chicago Midway International Airport between 1976 and 1991
  • Midway Airlines (1993-2003), an airline based in Morrisville, North Carolina, between 1993 and 2003
 Corporation has placed a firm order for three additional Canadair Regional Jet aircraft, which will increase its CRJ CRJ Canadair Regional Jet
CRJ Chiropractic Research Journal
CRJ Commission for Racial Justice
CRJ Cylinder Reduction Jumper
 fleet to 13 of the 50-passenger twinjets.

The carrier, based at Raleigh-Durham, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
, ordered 10 CRJ Series 200ER aircraft in October 1997. Today's transaction reflects the conversion of three options.

Value of the three-aircraft order is approximately $63 million U.S. ($89.5 million Cdn.). Deliveries are scheduled during the first half of 1999.

To date, Midway has taken delivery of four CRJ aircraft from its initial order and is using the aircraft to increase frequencies to existing cities on its route network, upgrade service in some commuter networks and add new destinations, including three daily non-stop flights between Raleigh-Durham and Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation).
Jacksonville is the largest city in the state of Florida and the county seat of Duval County.
.

"Our new CRJ aircraft are the perfect complement to our fleet," said Robert R. Ferguson, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Midway Airlines. "With their speed and distance capabilities, we can now offer more flights to more cities, thereby better serving the needs of our passengers."

Mr. Ferguson added, "In all of the new aircraft types that I have introduced into an airline, the CRJ has had the smoothest entry in all aspects, from crew training through to reliability."

Bombardier's Canadair Regional Jet family now stands at 363 firm orders for the 50-seat Series 100 and 200 and 70-seat CRJ Series 700 combined. Of that number, 227 Series 100 and 200 aircraft are delivered. CRJ Series 700 deliveries will begin in the fourth quarter of 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).  is the world's third largest civil aircraft manufacturer with its Canadair and de Havilland operations in Canada, Learjet in the United States and Shorts in the United Kingdom. Leading the 20- to 70-passenger regional carrier market, Bombardier Aerospace offers complete families of Dash 8(R) 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 Canadair Regional Jet(R) aircraft. It has the industry's widest range of business jets, from the light and mid-size Learjet(R) series to the widebody Challenger(R) and ultra long-range Global Express(R). It also produces the Canadair 415 firefighting/maritime mission aircraft and specializes in the design and manufacture of airframe components and aircraft engine nacelles.

Bombardier Inc. is a Canadian corporation engaged in design, development, manufacturing and marketing activities in the fields of transportation equipment, aerospace, and recreational products. It also provides financial services and services related to its products and core competencies. The Montreal-based Corporation operates plants in Canada, the United States, Mexico, Austria, Belgium, Czech Republic, Finland, France, Germany, Switzerland and the United Kingdom, employing 47,000 people. Bombardier's revenues for its fiscal year ended January 31, 1997 totalled 8 billion Canadian dollars, and more than 85 percent of its revenues are generated in markets outside Canada.

(R) Registered trademarks of Bombardier Inc.

CONTACT: Bombardier Inc.

Colin Fisher, 416/ 375-3030

or

Bombardier Inc.

Catherine Chase, 514/ 855-7980

Internet address: www.aero.bombardier.com
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 8, 1998
Words:494
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