Bombardier Inc. (BDRBF: OTCQX International Premier) | Bombardier Discloses Odyssey as European Customer for 10 CSeries Aircraft
| June 17, 2013 |
| Bombardier Discloses Odyssey as European Customer for 10 CSeries Aircraft |
| PARIS, FRANCE--(Marketwired - June 17, 2013) - Bombardier Aerospace disclosed today that a previously announced firm order for 10 CS100 aircraft was placed by Odyssey Airlines, a new airline that intends to operate from London City Airport. The firm order was announced on June 24, 2011. Based on the list price for the CS100 aircraft at the time of the order, the firm order is valued at $628 million US. "We are launching Odyssey Airlines with the CS100 aircraft because its transcontinental range will allow us to connect key city airports with stringent performance and environmental requirements both in Europe and further afield," said Adam D. Scott, Chief Executive Officer, Odyssey Airlines. "We have a unique strategy that will offer a premier service with a focus on new destinations that cannot currently be served from London City Airport. For us, the game-changing CSeries aircraft offers the best-in-class airfield performance, the lowest sound profile of any commercial aircraft in production in its segment, and will provide the ability to open new markets -- all of which are integral to our business model." "Over the last two years, Bombardier has seen Odyssey evolve into a forward-thinking and up-and-coming airline. We are thrilled to publicly welcome Odyssey Airlines to the family of CS100 aircraft operators," said Mike Arcamone, President, Bombardier Commercial Aircraft. "The CSeries aircraft's premium cabin, reduced environmental footprint and fantastic ability to serve a wide range of missions are the perfect pairing to Odyssey's business plan," he added. About CSeries Aircraft Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries aircraft family combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements. Powered by Pratt & Whitney PurePower PW1500G engines, the CSeries aircraft family will offer a 15(i) per cent cash operating cost advantage and a 20(i) per cent fuel burn advantage. With the extra capacity seating option, the CS300 aircraft's productivity further improves, offering airlines an average of four(i) per cent additional cash operating cost advantage per seat. The CSeries aircraft's clean-sheet design is ensuring that the aircraft will achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nm (5,463 km)(i). The CSeries aircraft will be up to 12,000 lbs. (5,443 kg)(i) lighter than other aircraft in the same seat category and will provide passengers with a best-in-class, widebody cabin environment in a single-aisle aircraft. As of March 31, 2013, Bombardier had booked orders and commitments for 388 CSeries aircraft, which included firm orders for 145 CSeries airliners. About Bombardier Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation. Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier. Notes to editors Images of Odyssey Airlines' CSeries aircraft are available in the press releases section at: www.bombardier.com . For additional images, video and product information on CSeries aircraft, please visit: www.cseries.com . Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace. For information about Bombardier Aerospace's presence at the 2013 International Paris Air Show, please visit airshows.bombardier.com. (i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft. Bombardier, CS100, CS300, CSeries and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries. www.bombardier.com |
| |
| CONTACT INFORMATION: |
| Bombardier Commercial Aircraft Marc Duchesne 1-416-375-3030 marc.duchesne@aero.bombardier.com www.bombardier.com |
| INDUSTRY: Aerospace and Defense - Aircraft, Aerospace and Defense - Electronics and Communications, Aerospace and Defense - Land Vehicles |
