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Bombardier sells six CRJ900s to China Express Airlines

July 9, 2012, Montreal - Bombardier Inc. has finalized a deal that will see it sell six aircraft to a private regional airline in China.


July 9, 2012
By The Canadian Press

Bombardier Aerospace (TSX:BBD.A) says it now has a firm order for the six CRJ900 NextGen regional jets after a conditional order was first announced last October, with China Express Airlines being identified as the buyer in February.

The deal is worth US$264 million. That could rise to US$491 million if an optional order with the airline for five more of the jets is made.

China Express is China's first private regional airline, and has a current fleet of five Bombardier CRJ200 50-seat aircraft.

More than 80 Bombardier-produced aircraft, including CRJ Series and Q-Series commercial aircraft, as well as Learjet, Challenger and Global business jets, are currently operating in China.

Bombardier is the world's largest manufacturer of business jets and the third-largest maker of passenger gets overall, after Airbus and Boeing.