Lease Corporation International Group Orders 20 Bombardier CSeries Jetliners With Options to Purchase a Further 20
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TORONTO, ONTARIO, Mar 30 (MARKET WIRE) --
Bombardier Aerospace announced today that Lease Corporation International
Aviation (New Buildings) Limited has signed a firm purchase agreement for
three CS100 and 17 CS300 jetliners. The purchaser, which also took
options on a further 20 CSeries aircraft, is a wholly owned subsidiary of
Lease Corporation International Limited (LCI). LCI is a privately owned
aircraft leasing company that owns and leases planes to major airlines.
Based on list prices, the firm order for 20 CSeries aircraft is valued at
approximately $1.44 billion U.S.
"This firm order for both CS100 and CS300 aircraft adds to the momentum
we anticipated for CSeries aircraft following the initial firm order by
Deutsche Lufthansa AG. Moreover, LCI's purchase confirms the flexibility
designed into this technologically advanced aircraft family as required
by all our customers, but especially leasing companies," said Gary R.
Scott, President, Bombardier Commercial Aircraft. "We are grateful for
LCI's confidence in the CSeries aircraft and delighted to welcome them as
the launch leasing company customer. We look forward to working with them
on further development of the aircraft for its entry into service in
2013."
"We are excited about the future of Bombardier's CSeries jetliner
family," said LCI Chairman, Adam Tomazos. "Market studies carried out by
ourselves and other organizations see a large worldwide demand for
aircraft in the 100- to 149-seat category over the next two decades and
the CSeries jetliner family is a perfect fit."
The launch of the CSeries family of aircraft was announced at the
Farnborough Air Show on July 13, 2008.
The 110-seat and 130-seat CSeries family of aircraft brings unmatched
passenger comfort, performance, and operating economics, benefiting from
the latest technological advancements, including: fourth-generation
aerodynamics; increased use of composites and advanced aluminium alloy in
structures; the very latest in system technologies, such as fly-by-wire,
electric brakes, and a next-generation engine - the Pratt & Whitney
PurePower(TM) PW1000G engine. PurePower(TM) represents a significant
breakthrough in turbofan technology, especially on the environmental
front where it will set new benchmarks from dramatically reduced fuel
burn, noise, and emissions.
At time of entry into service in 2013, the CSeries family of aircraft
will be the greenest single-aisle aircraft in its class. These
game-changing aircraft will emit 20(i) per cent less CO2 and 50(i) per
cent less NOx, fly four(i) times quieter, and deliver dramatic energy
savings - 20(i) per cent fuel burn advantage as well as 15(i) per cent
improved cash operating costs versus current in-production aircraft of
similar size. The CSeries aircraft will set a new benchmark in the
industry, consuming as little as two litres of fuel per passenger per 100
kilometres in its more dense seating layouts(i).
The CS100 and CS300 aircraft models will share a new common centerline
engine and have the same crew type rating, operating and maintenance
procedures. Each of the aircraft models will also have operational
flexibility to permit utilization on both short-haul and transcontinental
routes.
In addition to Bombardier's fourth-generation transonic composite wing
design, the company is also using its Reconfigurable Engineering Flight
Simulator II (REFS II) to develop customized 'fly-by-wire' control laws
specific to CSeries aircraft. This simulator is the first of many devices
planned, as part of an extensive integrated test regime, to ensure the
CSeries aircraft achieves consistently high levels of reliability when it
enters service.
About Lease Corporation International
Lease Corporation International (LCI) is a privately owned aircraft
lessor founded in 2004. Since its inception LCI has acquired aircraft
valued at over $3.5 billion. Its customer list includes national flag
carriers and major airlines such as Singapore Airlines, British Airways,
Air France and Virgin Atlantic. The company's highly experienced
management team works closely with airframe and engine manufacturers, and
with major financial institutions to provide aircraft leasing solutions
for airlines worldwide. Further information is available at
www.lciaviation.com.
LCI is a member of the Libra Group.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from
commercial 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,
2008, were $17.5 billion US, and its shares are traded on the Toronto
Stock Exchange (BBD). Bombardier is listed as an index component to the
Dow Jones Sustainability World and North America indexes. News and
information are available at www.bombardier.com.
Bombardier, CS100, CS300 and CSeries are trademarks of Bombardier Inc. or
its subsidiaries.
(i) The CSeries aircraft is in the design phase. All data and
specifications are estimates, subject to change in family strategy,
branding, capacity, performance during the course of the design,
manufacture and certification process. Performance has been estimated
based on a 500-nm North American operating environment.
(TM) PurePower is a registered trademark of United Technologies Corp. -
Pratt & Whitney.
Note to Editors
Images of LCI CS100 and CS300 aircraft are available in the press
releases section at: www.aero.bombardier.com
For additional CSeries aircraft images, video and product information
visit www.nowisthefuture.com
Contacts:
Bombardier Aerospace
John Arnone
416-375 3030
www.bombardier.com
Libra Group
Gareth Zundel
44 (0) 20 7245 8700
Copyright 2009, Market Wire, All rights reserved.
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