Bombardier Scores Follow-On Q400 Sale With Germany's Augsburg Airways.TORONTO--(BUSINESS WIRE)--Sept. 30, 1999-- (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.) Germany's Augsburg Airways Augsburg Airways is a regional airline based in Augsburg, Germany. It is part of the Lufthansa Regional group and operates domestic and international services for Lufthansa. Its main hub is Munich International Airport. has placed a follow-on order for two additional 350-knot Q400 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 airliners with 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). . The order represents the conversion of existing options. The airline, a Team Lufthansa Team Lufthansa used to be an alliance of regional airlines mainly in Germany, who flew especially niche routes on behalf of Lufthansa. It was founded in 1996 and existed until 2004, when Lufthansa reorganized its regional network. member, is a long-term user of Bombardier Aerospace products and previously ordered a total of 15 Dash 8(r) aircraft, including three Q400 airliners in March of 1999. "We selected the Q400 both to enlarge our fleet and meet anticipated demands for greater capacity on our route system," said Olaf Dlugi, managing director of Augsburg Airways. "The Q400 will also ensure family commonality of our fleet which will result in substantial cost savings in crewing, training, maintenance and other areas." The Q400 orderbook now stands at 62 firm orders. For the Dash 8 program, total orders and options stand at 678, including a backlog of 82 firm aircraft. 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, financial services and services related to its products and core businesses. 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) Trademark of Bombardier Inc. |
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