Bombardier Aerospace
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Bombardier Aerospace

May 06, 2008 11:52 ET

Bombardier and Iraq Hold Ceremonial Signing for CRJ900 NextGen Airliners

TORONTO, ONTARIO--(Marketwire - May 6, 2008) - Bombardier Aerospace participated in a signing ceremony in Baghdad, Iraq on May 4, 2008 to formally recognize two recent orders placed by the Government of Iraq. The firm orders were announced on March 13 and April 14, 2008 for a total of ten CRJ900 NextGen aircraft. The Government of Iraq also holds options on an additional 10 CRJ900 NextGen aircraft.

The Government of Iraq's delegation at the ceremony was led by Prime Minister, Nouri Al-Maliki, and included key ministers and advisors. Margaret Huber, Canada's Ambassador to Iraq was also present.

Bombardier Commercial Aircraft's president, Gary R. Scott, said: "Bombardier is a world leader in the supply of commercial and business aircraft, as well as rail transportation. Among our transportation solutions is the CRJ900 NextGen - the aircraft purchased by the Government of Iraq and the choice of leading regional operators around the world. More than 1,500 CRJ Series regional aircraft have been delivered to customers around the world."

Based on the list price for the CRJ900 NextGen aircraft, the previously announced orders are valued at approximately $398 million U.S. If all ten options are exercised, the value of the contract could rise to approximately $812 million U.S.

CRJ NextGen Aircraft

Bombardier's CRJ NextGen aircraft were launched in 2007 and are achieving improved economics compared to earlier CRJ Series aircraft. These improvements come from fuel burn savings of up to four per cent and direct maintenance cost reductions achieved through lower airframe maintenance requirements. Maintenance schedule intervals have been increased, and tasks have been harmonized to reduce aircraft down time and labour over the life of the aircraft.

With their reduced fuel burn, the CRJ NextGen aircraft are responding to today's environmental challenges by offering further reduction to green house gas emissions compared to their nearest competitors.

CRJ NextGen aircraft interiors include improvements designed with the overall passenger experience in mind. The passenger windows have been enlarged and the overhead bins have been modified to accommodate a larger roller bag as well as optimized to store more bags. The addition of LED lighting has brightened the cabin environment while highlighting the improved aesthetics achieved with the new ceiling panel design and dished window sidewalls.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial 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, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

Bombardier, CRJ, CRJ900 and NextGen are trademarks of Bombardier Inc. or its subsidiaries.

Notes to Editors

Images of CRJ900 NextGen aircraft are available in our Multimedia Library at: www.aero.bombardier.com/htmen/F14.jsp

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