Bombardier Transportation
TSX : BBD.A
TSX : BBD.B

Bombardier Transportation

September 24, 2007 08:00 ET

Angel Trains Orders 60 Bombardier TRAXX Locomotives for Cross-Border Traffic

For Use on New European Corridors

BERLIN, GERMANY--(Marketwire - Sept. 24, 2007) - With the order for 60 BOMBARDIER(i) TRAXX(i) locomotives plus options from pan-European leasing company, Angel Trains, Bombardier Transportation has won another major locomotive order in the field of private customers. The current order, including a combination of TRAXX AC, DC and MS locomotives, is worth approximately 225 million euros ($316 million US). The exercise of the options is expected imminently upon successful conclusion of lease contract discussions which are currently ongoing.

The new electric locomotives will run in cross-border traffic on different European routes, including the new corridors between Austria and Hungary, as well as between Sweden and Norway. The platform strategy of the TRAXX vehicle family, and consequently the high percentage of common components makes it particularly economic for use throughout Europe. Due to their modular construction, the final configuration of the locomotives can be smoothly adapted to the respective areas of use and their infrastructure.

Final production of the multi-system and AC locomotives will take place in Bombardier's Kassel plant, with the DC locomotives being assembled in the Italian plant at Vado Ligure. Bodyshells will be produced at Bombardier's Wroclaw site in Poland, bogies in Siegen, and propulsion and control systems, based on proven BOMBARDIER(i) MITRAC(i) technology, in Mannheim.

Angel Trains already has a total of 100 TRAXX family locomotives, which its specialist leasing subsidiary, Angel Trains Cargo, has placed across Europe with a variety of rail freight operators. Including this latest order, the portfolio of TRAXX locomotives purchased by Angel Trains now amounts to 160 locomotives, comprising seventy AC locomotives (known in their core German market as the BR 145/185 series), twenty DC locomotives (known in their Italian market as the E 483) and seventy four-voltage multi-system locomotives, equipped for key European freight corridors between Germany, Poland, Netherlands and Italy.

Tim Jackson, International Director, Angel Trains said: "This significant new order will enable us to support the development of some core clients to whom we already lease diesel and electric traction and to extend our geographic reach into new territories or operators. The flexibility and quality of the TRAXX product matches well with our own aspirations as a committed, entrepreneurial and professional partner of Europe's rail freight sector."

"We are delighted to receive this further major order from Angel Trains. In addition to its cost-effectiveness and reliability, the success of our TRAXX product family can be attributed to its universal adaptability. This means that, we, together with our customers, can make a important contribution to the joint growth of European rail transport" emphasised Edmund Schlummer, President of Bombardier Transportation's Locomotives Division.

Note to editors: Useful market and company background facts and contact details follow.

Background facts and figures

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.

About Angel Trains

Angel Trains is a leading lessor of railway rolling stock in the UK and in Continental Europe, with aggregate investments of over _ 6 billion. It has its group headquarters in London and other offices in Antwerp, Cologne, Derby, Madrid and Rome. Angel Trains is a wholly-owned subsidiary of The Royal Bank of Scotland Group, one of Europe's leading financial services groups.

Contact Information

  • Americas
    David Slack
    + 1 450 441 3190
    or
    Germany, Austria
    Jurgen Kornmann
    + 49 30 986 07 1138
    or
    Switzerland
    Fiona Flannery
    +41 44 318 29 91
    or
    Central and Eastern Europe
    Vicki Luther
    + 49 30 986 07 1139
    or
    Russia
    Alexander Bocharov
    + 7 495 775 1830
    or
    UK, Ireland, Nordic Countries, Australia,
    New Zealand, other countries
    Neil Harvey
    + 44 1332 266470
    or
    Benelux and France
    Anne Froger
    + 33 6 07 78 95 38
    or
    Spain, Portugal, Italy, Greece, Turkey, India
    Luis Ramos
    + 35 1 919 693 728
    or
    Nordic Countries
    Jonny Hedberg
    + 46 8 681 5062
    or
    Angel Trains Group
    Jane Vincent
    Head of Corporate Communications
    Direct Line: +44 (0)20 7592 0525
    Mobile: +44 (0)7767 642 930
    jane.vincent@angeltrains.com