Released on Thursday, February 9, 2012
China Express Airlines to Operate up to Eleven 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.
"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."
China Express, which is China's first private regional airline, is based in Guiyang, Guizhou and currently provides regional passenger services with its fleet of five (5) Bombardier CRJ200 aircraft.
More than 80 Bombardier-produced aircraft, including CRJ Series and Q-Series commercial aircraft, as well as Learjet, Challenger and Global business jets, are currently operating in China.
Bombardier predicts that over the next 20 years, China's fleet of commercial aircraft will grow as it becomes the world's second largest market for new aircraft deliveries, following closely behind the United States. Bombardier forecasts a demand for almost 2,400 commercial aircraft in the 60- to 149-seat segment in China and is working closely with local airlines, suppliers and stakeholders to assist in fleet and infrastructure expansion.
Sales & Contracts
NextGen - Next Generation
US - United States