Bombardier Signs Q300 Turboprop Contract With Petroleum Air Services of Cairo.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 11, 2001 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.) has signed a contract with Cairo-based Petroleum Air Services Petroleum Air Services is an airline based in Cairo, Egypt. It provides oil industry support services and has extensive helicopter operations. The airline also operates commercial passenger services within Egypt and to regional cities. Its main base is Cairo International Airport. (PAS) for the sale of two 50-passenger Bombardier Q300(a) regional airliners List of regional airliners These aircraft are distinguishable from other airplanes because of their significance in filling the short-hop role in the hub and spoke model of passenger and cargo distribution. plus options for five additional aircraft. The two firm aircraft, valued at $30.06 million U.S. (Cdn$42.08 million), are scheduled for delivery in May next year with optioned aircraft deliveries to be completed by July 2004. The new Bombardier Q300 aircraft will allow PAS to increase its route network in support of the oil and gas industry and provide additional services to support the country's tourism industry through charter services. "Petroleum Air Services made its final decision on the purchase of the Bombardier Q300 aircraft on the basis of the aircraft's economics and performance characteristics," said General Samir Abdel Salam, PAS chairman. "Our experience over many years with our Dash 7 fleet - the forerunner of the Q(a) Series family of products - has given us a deep appreciation for the ruggedness and dependability of Bombardier's 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," he said. PAS's fleet currently consists of five 50-passenger de Havilland de Ha·vil·land , Olivia Born 1916. British-born American actress who portrayed Melanie in Gone With the Wind (1939) and won an Academy Award for To Each His Own (1946) and The Heiress (1949). (R) Dash 7 airliners and a sizable fleet of Bell helicopters. 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 markets. It also offers Bombardier Flexjet(R) 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 its fiscal year ended Jan. 31,2001 totalled $16.1 billion Cdn. (R) Registered trademark of Bombardier Inc. (a) Trademark of Bombardier Inc. Note to Editors: Images of Bombardier Q300 aircraft are available on our Web site photo gallery at: http://aero.bombardier.com/htmen/F15.htm http://www.aero.bombardier.com |
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