Bombardier wraps up successful week at Farnborough
July 18, 2014, Farnborough, U.K. - Bombardier Aerospace completed a successful week at the 2014 Farnborough International Airshow having announced firm orders, conditional purchase agreements and letters of intent for a total of 74 aircraft, valued at more than $4.25 billion US should all commitments be converted to firm orders.
"It has been a great week for Bombardier at the Farnborough Airshow, and I'm very pleased with the momentum we're building across our entire product portfolio. Our discussions with customers have progressed, and we were very pleased to make a number of announcements," said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. "Throughout the week, our customers have repeatedly demonstrated their confidence in our products, and our presence at the show has given us an opportunity to further our relationships with many of our key stakeholders."
Bombardier Commercial Aircraft kicked off the airshow by announcing the signing of two letters of intent (LOIs) for up to 24 CS100 aircraft by Falko Regional Aircraft Limited. Throughout the week, Loong Air, Petra Airlines and an undisclosed African airline joined Falko in growing the list of CSeries aircraft customers to 20. In addition, an existing customer signed a conditional purchase agreement for up to 13 CS300 aircraft, and airBaltic and Falcon Aviation revealed themselves as previously undisclosed customers that contributed to bringing the number of firm orders and commitments to 513. Finally, in conjunction with Bombardier's opening press conference, Export Development Canada, UK Export Finance, and Investissement Quebec announced that they have jointly developed a working model for partnered financing of CSeries aircraft customers.
Bombardier demonstrated its path toward the entry-into-service of the CSeries aircraft by launching the Smart Parts program for CSeries aircraft customers and announcing the approval of the all-new jetliner's maintenance, both geared toward maximizing utilization and providing more competitive maintenance costs to operators of CSeries aircraft. Bombardier also announced that it has appointed Flight Training Alliance, a newly formed joint venture between CAE and Lufthansa Flight Training, as its exclusive Authorized Training Provider for CSeries aircraft pilot and cabin crew training worldwide, and Lufthansa Technical Training as its exclusive Authorized Training Provider for CSeries aircraft maintenance training.
On the Q400 NextGen aircraft program, Bombardier celebrated surpassing the milestone of 500 firm orders with the latest order from Horizon Air and Nok Air. In addition, Bombardier signed an LOI for five Q400 NextGen turboprops with Falcon Aviation, Abu Dhabi Aviation disclosed that it was a previously unidentified Q400 NextGen customer, and Bombardier officially announced a cargo-passenger combi configuration of the turboprop. The Q400 NextGen aircraft on static display was joined by a CRJ900 NextGen aircraft in American Airlines' livery, and Bombardier showcased the enhancements that it has brought to its regional jet program, including up to 5.5 per cent lower fuel consumption than earlier-generation CRJ900 aircraft. Bombardier also shared its vision of double-digit fuel burn reduction by 2020.
On the heels of its strong showing at the European Business Aviation Convention and Exhibition (EBACE) in May, Bombardier Business Aircraft had a full range of its industry leading aircraft on static display, including the Learjet 75, Challenger 350, Challenger 605 and Global 6000 jets, at the Farnborough Airshow. The event marked the European debut and first public appearance for the Challenger 350 aircraft, which received its Transport Canada and Federal Aviation Administration (FAA) certification, and entered into service, in June. Guests also had an opportunity to visit the Global 7000 aircraft mock-up, which has attracted significant attention from key prospects in the region during its three-week residence at the TAG Farnborough hangar.
During the show, Bombardier released its market forecasts for 2014-2033, which call for industry deliveries of 22,000 business jets worth approximately $617 billion US(i) in the segments in which Bombardier competes(ii) and 13,100 commercial aircraft in the 20- to 149-seat segment, valued at approximately $658 billion US(i). Bombardier also recognized six supplier sites for their remarkable performance last year, supporting the Company's strategy of delivering an exceptional customer experience through superior performance, and three suppliers for their focus on corporate social responsibility.