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China Express Airlines to buy six Bombardier aircraft

By Tu Lufang (Beijing Daily)

14:25, February 14, 2012

Edited and translated by People's Daily Online

China Express Airlines, China's first private regional airline, has agreed to buy six CRJ900 NextGen commercial aircraft from Canadian plane maker Bombardier in a deal valued at 264 million U.S. dollars.

This is the first order Bombardier received from a Chinese company in the past nine years.

If options on five more CRJ900 NextGen aircraft were converted to firm orders, the deal value would be 491 million U.S. dollars.

China Express Airlines is based in Guiyang, southwest China’s Guizhou province, and currently provides regional passenger services with its fleet of five 50-seat Bombardier CRJ200 aircraft.

Bombardier is lagging far behind its rival Embraer in aircraft sales in China, due to the slow growth of the regional aviation market and the crash of a Bombardier passenger jet in the northern Chinese city of Baotou.

More than 80 Bombardier-produced aircraft, including CRJ Series and Q Series commercial aircraft, as well as Learjet, Challenger, and Global business jets, are currently operating in China.

Bombardier predicts that over the next 20 years, China's fleet of commercial aircraft will grow rapidly as it becomes the world's second largest market for new aircraft deliveries, only after the United States. The Canadian company forecasts a demand for almost 2,400 commercial aircraft in the 60- to 149-seat segment in China.

In addition, Bombardier recently signed a memorandum of understanding with China's AVIC International Leasing Company to finance commercial aircraft sales in China and globally.

Email|Print|Comments(Editor:厉振羽)

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Sat at 2012-02-1498.71.179.*
China Express sets themselves up to be bilked and milked by Canada just like boeing bilks airlies with expensive parts and manufactured to break down. But then you know this. Feeding the war machines means the west takes out those you don"t like either.
  

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