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Bombardier Inc. T.BBD.A

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

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its 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, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by Blaser2on Nov 25, 2013 9:28am
274 Views
Post# 21937535

China Eases Restrictions on Private A/C Travel

China Eases Restrictions on Private A/C Travel"BEIJING, Nov 21 (Reuters) - China has simplified flight approval procedures for private aircraft in a move that may lead to the full opening of its under-developed general aviation market.

The move may provide marketing opportunities for companies such as Cessna and Bombardier Inc who have been eager to sell their pricy private jets in the world's largest economy.

Under the new rule, jointly issued by the Civil Aviation Administration of China (CAAC) and the military, companies or individuals flying in a private jet or helicopter outside a no-fly zone within the country no longer need to submit their plans to the military. They only need the permission of CAAC.

The policy, effective Dec. 1, marks China's latest step in easing its grip on air space since late 2010 when it opened up low-altitude space for commercial jets in select cities, industry observers say.

"It's good now that they've eased the control all over the country, not just in those pilot cities. But the market for general aviation is still in the initial stage and it's hard to say how fast it could grow," said Jefferies Hong Kong analyst Liu Boyong. "We don't have enough airports for small jets."

The more immediate beneficiaries are general aviation service providers, such as Citic Offshore Helicopter Co Ltd , as the new rules would cut back the paper work for flight approval and improve their operating efficiency, industry observers say.

Citic Offshore Helicopter jumped to its daily trading limit shortly after market opened on Thursday. Company executives could not be reached for comments immediately.

By 2020, China's fleet of general aviation aircraft is expected to rise to 10,000, up from 1,200 currently."

It would seem that there will be increased usage for that maintenance facility.

Regards

Bullboard Posts