Airline Orders Four Bombardier CRJ700 NextGen Aircraft

Released on Monday, June 23, 2008

Bombardier Aerospace announced today that it has received a signed firm order for four CRJ700 NextGen regional jets. The airline, which placed the order, has also taken options on an additional four CRJ700 NextGen aircraft and has requested to remain unidentified at this time.

Based on the list price for the CRJ700 NextGen aircraft, the firm order contract is valued at approximately $146 million US. If all four options are exercised, the value could rise to approximately $ 302 million US.

"Orders for our CRJ Series NextGen aircraft since the NextGen program was introduced in the spring of 2007, are very encouraging," said Gary R. Scott, President, Bombardier Commercial aircraft. "This transaction increases those firm orders to 213 aircraft from 19 customers. Clearly, the family resonates well with our customers and our investment in the program has been well justified."

Bombardier's CRJ700 NextGen, CRJ900 NextGen and CRJ1000 NextGen airliners have all-new interiors and improved economics compared to earlier CRJ Series aircraft. These improvements come from fuel burn savings of up to four per cent and direct maintenance cost reductions because of lower airframe maintenance requirements.

Bombardier has now received orders for 1,667 CRJ Series aircraft, and as of April 30, 2008, 1,485 had been delivered to customers.