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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | BOMBF | T.BBD.PR.D | BDRPF

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by jammerhon Apr 11, 2012 4:34pm
406 Views
Post# 19782529

"China market big enough for both of us" Hachey

"China market big enough for both of us" Hachey
Bombardier Aerospace vows cooperative pact with COMAC

By Yang Jian | 2012-4-10 | ONLINE EDITION

MONTREAL-BASED Bombardier Aerospace said its new partnership with Commercial Aircraft Corp of China to provide parts for the development of China's first domestically manufactured jumbo jets will be cooperative, not competitive.

Guy Hachey, president and chief operating officer of Bombardier, the world's largest maker of business jets, said in Shanghai today that the market in China is big enough for both countries to tap.

The two companies signed an agreement late last month for Bombardier to collaborate with Comac on cockpit-crew interface, electrical systems, material purchasing and customer services in the development of China's C919 jumbo jet.

Bombadier's Cseries of jets, still under development, have similar characteristics with the C919, which is expected to make its maiden flight in 2014.

China's domestically manufactured ARJ21 regional jets will compete with Bombardier's CRJseries jets, which have already been sold to Chinese airlines. China is still in the testing phase for the ARJ21s.

"The demand for regional jets in China is big enough for more than one competitor," Hachey said at opening ceremonies for the company's new office in Shanghai.

Hachey said he expects demand for aircraft with seating capacity of between 60 and 149 to grow to about 2,400 in the next 20 years, making China the world's second-largest market following the United States.

The 90-seat ARJ21 regional jet is undergoing final tests for flight certification after being approved by the Civil Aviation Administration of China, the country's civil aviation regulator.

Comac, a major company in its field in China, said it has received more than 200 orders for the ARJ21, mainly from Chinese state-controlled companies.

Meanwhile, the Canadian company has more than 30 regional jets operating on routes on the mainland and to Hong Kong and Macau. Its customers include China Eastern Airlines, China Express Air, Shandong Airlines and Shanghai Airlines.

Bombardier's planned CSeries aircraft will have the same cockpit as the C919, helping the Chinese plane maker pare research costs in a bid to challenge the domination of Boeing Co. and Airbus SAS in jet sales.

"We will find more areas to collaborate, but first we will focus on the four areas in the agreement in the next year," Hachey said.

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