China Express Airlines to Operate up to 1 Bombardier CRJ900 NextGen Aircraft

Bombardier Aerospace today identified China Express Airlines as the undisclosed Chinese customer in the previously announced CRJ900 NextGen transaction of October 26, 2011. The conditional order for six (6) CRJ900 NextGen aircraft and options on an additional five (5) CRJ900 NextGen aircraft will build upon China Express’ existing fleet of CRJ200 aircraft, serving to further enhance the airline’s regional network.

The disclosure was one of several announcements made at the Canada China Business Forum held today in Beijing, with Stephen Harper, Canadian Prime Minister, and Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc., in attendance.

As previously announced by Bombardier, based on list price, a firm order for the six CRJ900 NextGen aircraft would be valued at approximately $264 million US. Should all five options be converted to firm orders, the value of the contract would increase to $491 million US.

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“Our 50-seat Bombardier CRJ200 regional jets have served us very well since we started operations in 2006, and we are confident that the CRJ900 NextGen aircraft, which offers excellent economics, will support the growing capacity demand on our larger routes,” said Hu Xiaojun, Chairman, China Express.

“As the only aircraft manufacturer with three distinct and optimized families of aircraft in the 60- to 149-seat market segment, Bombardier is well positioned to support the growth of China’s air transport network, and we are delighted that China Express has selected the CRJ900 NextGen aircraft for its operations,” said Andy Solem, Vice President, Sales, China and North Asia, Bombardier Commercial Aircraft. “The CRJ Series aircraft is the best-selling regional aircraft program in history, and we look forward to welcoming many more operators in China.”

Source: Bombadier Aerospace
Date: Feb 9, 2012