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Company Watch - Bombardier.

Oct 9, 2006

According to Avitas VP-Asset Valuation Doug Kelly. lease rates for used Bombardier CRJ200s are in the $85,000-$90,000-per-month range. But older CRJ100s have "a much different value." Some of those that have not been placed have been "parted out" for approximately $3 million. In addition, Oct 4, 2006

Bombardier is retrofitting some of the CRJs for business or shuttle applications. It also is developing a cargo modification expected to be certified in the first quarter of 2007. Oct 4, 2006

Manufacturers see new life for older smaller RJs Bombardier reached a low point in asset management last January when it realized it had 107 parked 50-seat CRJs, VP-Asset Management Rod Sheridan said at the 13th annual Valuation Conference organized by Commercial Aviation Media in Washington this week. "Not too many people, especially in the US, want to take on 50-seaters," he said. The aircraft that had been returned by Delta Air Lines, Northwest Airlines and Air Littoral represented nearly 10% of the 50-seat CRJ fleet. But the market is looking brighter nine months later, with all but 25 of the parked aircraft placed with new operators. Sheridan said the two hottest remarketing opportunities are with startups and carriers in developing countries outside of North America and Europe. Oct 4, 2006

Bombardier said the value of its Northwest Airlines order based on list price would be USD$1.35 billion for 36 planes, and the value could rise to USD$5.18 billion if all options are exercised. Bombardier shares rose almost 8 percent on Thursday as at least one analyst upgraded his rating on the stock on the prospect that the company will land some big orders on its regional jets. Bombardier has been in a tough battle with Embraer to win regional jet contracts during an industry slump. Oct 5, 2006

Two Injured In Delta Flight Evacuation At Boston. Two people were injured when a Delta Air Lines flight to Boston was evacuated on Friday after the pilot detected smoke in the cabin upon landing, an airport official said. Delta flight 1908, with 40 passengers and five crew members, completed its trip from New York's LaGuardia Airport at 7:26 a.m. and was taxiing at Boston's Logan Airport when the pilot noticed the smoke, said Richard Walsh, a spokesman for Massport, which runs the airport. Walsh said one of the injured people was taken to hospital, but he did not know the extent of the injuries or how they were caused. All passengers have been evacuated and the plane is now being inspected, he said. Oct 2, 2006

Northwest Airlines said it continues in talks with unnamed aircraft makers for 100 seat planes to replace its DC-9 fleet, and it will take back 15 Bombardier CRJ200 aircraft it previously rejected. Oct 5, 2006

Northwest Airlines said the new Bombardier and Embraer planes it purchased will lower its operating costs over aircraft they will replace such as the Avro Regional Jet 85 through lower fuel consumption and maintenance costs. Compass Airlines, Northwest's regional subsidiary, will operate the new Embraer aircraft as Northwest Airlink, and an Airlink partner yet to be determined will operate the Bombardier planes. Oct 5, 2006

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Oct 2, 2006
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Publication:Airguide Online
Date:Oct 2, 2006
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