Bombardier Inc And Commercial Aircraft Corporation Of China Ltd Sign Strategic Definitive Agreement On Phase II Of Long-Term Collaboration


Monday, 17 Jun 2013 03:00am EDT 

Bombardier Inc And Commercial Aircraft Corporation Of China Ltd announced the signing of a DA covering four distinctive projects. The DA is to be executed as part of the second phase of the parties' long-term collaboration on leveraging commonalities between the C919 and CSeries airliners. This agreement is in respect to the Definitive Agreement (DA) signed on March 21, 2012 covering program commonalities between the C919 and CSeries aircraft and the Letter of Intent (LOI) signed on November 13, 2012 signaling the beginning of Phase II of their strategic collaboration. The four initiatives COMAC and Bombardier will collaborate on are: Specific areas of the CSeries aircraft flight test activities pertaining to non-flying tasks, Implementing and maintaining the common items that were achieved as part of Phase I, Sales and marketing, and Certain areas of customer services related to training, technical publications and parts distribution. The second phase of COMAC and Bombardier's cooperation is expected to contribute further to enhancing the competitiveness of not only the C919 and CSeries aircraft programs, but also of both COMAC and Bombardier's overall businesses, and will help with maximizing both parties' cost savings and market shares, while allowing customers of the C919 and the CSeries commercial airliners to realize cost benefits from the operation of both aircraft families.