Bombardier and China Express Airlines Announce Purchase Agreements for up to 16 CRJ900 NextGen Aircraft
Monday, 02 December 2013
China Express Airlines was the first to operate the CRJ900 aircraft in the country.
TORONTO, ONTARIO - Bombardier Aerospace announced today that China's regional airline, China Express Airlines, has placed a firm order for three CRJ900 NextGen aircraft.
The agreement includes the conditional purchase for five CRJ900 NextGen aircraft with options on an additional eight CRJ900 NextGen aircraft.
China Express, based in Guiyang, Guizhou provides regional passenger services with a fleet of five CRJ200 aircraft and six CRJ900 NextGen aircraft.
Based on the list price for the CRJ900 NextGen aircraft, the firm order is valued at approximately US$134 million. Should the conditional agreements for five CRJ900 NextGen and options on the additional eight CRJ900 NextGen aircraft be converted to firm orders, the value of the contract would increase to US$733 million.
Wu Longjiang, president of China Express, said: "By 2016, we anticipate that the total number of China Express' routes will reach approximately 90, three times as many as the number of existing routes, and will cover 60 per cent of China's regional cities.
"We are confident that our fleet of Bombardier aircraft will be a very efficient and reliable asset in achieving these objectives."
Mike Arcamone, presiden of Bombardier Commercial Aircraft, added: "With China's growing economy, improved support infrastructure and expanding middle-class, regional air travel will be more accessible to Chinese citizens in more regions.
"As demonstrated by China Express, the outstanding economics of Bombardier's CRJ NextGen aircraft will allow airlines to profitably enter smaller tier-two and tier-three markets, providing efficient service to a growing demand from business and leisure travelers. We are delighted that China Express has once again put its trust in Bombardier."
More than 140 Bombardier-produced aircraft, including CRJ Series and Q-Series commercial aircraft, as well as Learjet, Challenger and Global business jets are currently operating in Greater China.
As of September 30, 2013, Bombardier had recorded firm orders for 1,779 CRJ Series aircraft, including 306 CRJ900 and CRJ900 NextGen aircraft.
Worldwide, CRJ Series aircraft are in service with more than 60 airlines and more than 30 customers operate corporate variants of the aircraft.
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