Originally Posted by llGSll
I have small position here also, i still remember the day i was debating to add more around $2.80 ish and didnt
lol but overall things are gettin better I really think C series is a go, but thats just my opinion
, the volume today was enormous 13M +
Looks like your right!!
Bombardier Aerospace Launches 100-Seat CRJ1000 Regional Jet
08:45 EST Monday, February 19, 2007
MONTREAL, QUEBEC--(CCNMatthews - Feb. 19, 2007) - Bombardier announced today the launch of its CRJ1000 regional jet, the next major step in the evolution of the CRJ Series aircraft family, the world's most successful family of regional aircraft.
Previously designated the CRJ900X jet, the CRJ1000 regional airliner is designed specifically to meet the needs of growing regional airlines for jets of up to 100 seats, with a focus on extremely low operating costs and improvements to cabin comfort.
"We anticipated the need for larger regional aircraft when we introduced the CRJ700 regional jet in 1997 and the CRJ900 regional jet in 2000. These aircraft are now the backbones of many airline fleets worldwide," said Pierre Beaudoin, President and Chief Operating Officer, Bombardier Aerospace. "Today, with the CRJ1000 aircraft, Bombardier continues to build on its ongoing commitment to product innovation. The CRJ1000 regional jet combines the proven platform, reliability and flexible cabin configurations of its predecessors with its closest competitor having up to 15 per cent higher trip cash operating costs."
The CRJ1000 aircraft program is launched with 38 firm orders, 15 of which are CRJ900 conversions, and 23 conditional orders and options. The following three customers have placed these orders.
Brit Air of Morlaix, France, a wholly owned subsidiary of Air France, has placed a firm order for eight CRJ1000 aircraft, and has taken options on eight additional CRJ1000 aircraft. Based on CRJ1000 list price, the value of Brit Air's eight firm ordered aircraft is approximately $371 million US which could rise to $768 million US if the airline exercises its eight options.
With the launch of the CRJ1000 aircraft, My Way Airlines of Italy is converting, as announced in September 2006, 15 of its 19 CRJ900 regional jet orders to CRJ1000 regional jets. The original contract value for the 19 CRJ900 aircraft, based on CRJ900 aircraft list price, was approximately $702 million US. This value will increase to approximately $857 million US for four CRJ900 and 15 CRJ1000 aircraft, based on CRJ900 and CRJ1000 aircraft list prices.
An undisclosed customer has placed a firm order for 15 of the aircraft, with a conditional order for an additional 15. Based on CRJ1000 list price, the contract value for this 15 aircraft firm order is approximately $704 million US, which could increase to $1.5 billion US if the airline's 15 conditional orders are executed.
The new CRJ1000 regional jet is scheduled to enter service in the fourth quarter of calendar year 2009. First flight is scheduled for the summer of 2008. With a maximum takeoff weight (MTOW) of 91,800 pounds (41,632 kilograms), the CRJ1000 aircraft will offer a maximum range of 1,691 nautical miles (3,139 kilometres) with 100 passengers, under certain operating conditions. Compared to older generation aircraft of similar passenger capacity currently in operation, the CRJ1000 will also respond to today's environmental needs by providing substantially lower fuel consumption and achieving up to 30 per cent reduced carbon dioxide engine emissions.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com
Bombardier, CRJ700, CRJ900 and CRJ1000 are trademarks of Bombardier Inc. or its subsidiaries.
Notes to Editors
Images of My Way Airlines and Brit Air CRJ1000 aircraft will be available in our Multimedia Library at: www.aero.bombardier.com/htmen/F15.jsp
Bombardier will hold a conference call for investors, analysts and media representatives as follows:
DATE: Monday, February 19, 2007
TIME: 10:30 a.m., Eastern Standard Time
There will be two question periods during the conference call. The first question period is intended for investors and analysts. It will be followed by a second question period intended for media representatives.
Investors, analysts and media representatives wishing to participate in the conference call can do so by dialing one of the following numbers:
Original version: 514-394-9321 or
(without translation) 1-866-540-8119 (toll-free in North America)
+800-6578-9888 (international overseas calls)
In English: 514-394-9319 or
1-866-240-8935 (toll-free in North America)
+800-3207-7500 (international overseas calls)
In French: 514-394-9317 or
1-888-791-1369 (toll-free in North America)
+800-4994-8960 (international overseas calls)
This conference call will also be broadcast live on the Internet at the following address: www.bombardier.com
FOR FURTHER INFORMATION PLEASE CONTACT: