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Bombardier secures $883M in aircraft sales to European airlines; settles landing gear claims

March 10, 2008, Toronto - Bombardier Aerospace has announced a  series of deals with European airlines for purchase of regional and turboprop planes.


March 10, 2008
By Carey Fredericks

crj900newsMarch 10, 2008, Toronto – Bombardier Aerospace has announced a
series of deals with European airlines for purchase of regional and
turboprop planes.

SAS Scandinavian Airlines and three of its affiliates have signed
firm orders for 27 regional jets and turboprops, with options taken
for two dozen more.

The affiliates are Estonian Air, Norwegian firm Wideroe's Flyveselskap
A/S and airBaltic of Latvia.

The company says the combined value of the orders based on CRJ900
and Q400 NextGen list prices is US$883 million, with a potential
value of US$1.75 billion if all options are exercised.

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Bombardier, landing gear manufacturer Goodrich and SAS are also
reported to have agreed on compensation stemming from landing gear
incidents in 2007.  Bombardier said terms of the agreement were
being kept confidential, but SAS said it will receive just over
US$164 million in compensation in the form of cash and credits for
future aircraft orders.

Last year, SAS permanently grounded the airline's entire fleet of
27 Bombardier Dash 8 Q400 aircraft after suffering three landing
accidents over a seven-week period. It blamed the accidents on
faulty landing gear.

Deliveries of the aircraft will be made successively until 2011,
starting in the autumn 2008.