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Recent aircraft deals valued at close to $1.5 billion

Bombardier Aerospace has had a recent slate of good news that is helping to spur growth in Canada’s aerospace parts manufacturing sector.

Just in the past few days, the company has announced deals worth an estimated $1.5 billion in aircraft orders.

On July 8, the company announced that it had added a 12th customer to its CSeries aircraft program. The unidentified customer has placed a conditional order for five CS100 and 10 CS300 jetliners, a contract valued at approximately US $1.02 billion.

“Bombardier’s CSeries aircraft provide a distinct economic advantage compared to any aircraft in their class, and we are thrilled to welcome the twelfth CSeries aircraft customer to the program,” said Mike Arcamone, president, Bombardier Commercial Aircraft. “The CS100 and CS300 airliners combine unmatched field performance along with transcontinental range, creating opportunities for new business models; what’s more, they’ll be contributing to more sustainable aviation with their reduced environmental footprints.”

The CSeries aircraft is scheduled to enter into service in late 2013.

A day earlier, China Express Airlines converted a previously announced conditional order for six CRJ900 NextGen regional jets to a firm order. The order is valued at approximately US $264 million and could increase to US $491 million should the five options be converted to firm orders.

“Our five 50-seat 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 passenger demand on our larger routes,” said Hu Xiaojun, chairman, China Express.

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 CRJ200 aircraft. The airline will be the first to launch CRJ900 aircraft service in China.

“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 firmed up its order for six CRJ900 NextGen aircraft and will introduce the aircraft to China,” said Bombardier Commercial Aircraft’s Arcamone. “Currently more than 100 Bombardier-produced commercial and business aircraft are operating in China and we look forward to welcoming many more operators in the country.”

“In our Market Forecast for 2012 to 2031 that was released on June 19 this year, Bombardier predicts a demand for approximately 2,200 commercial aircraft in the 60- to 149-seat segment in China,” said Andy Solem, vice president, sales, China and North Asia, Bombardier Commercial Aircraft. “We are working closely with local airlines, suppliers and stakeholders to assist in fleet and infrastructure expansion to support the development of China’s fleet of commercial aircraft as it grows to become the world’s second largest market for new aircraft deliveries, following closely behind the United States.”

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