Bombardier Aerospace identified (09-Feb-2012) China Express Airlines as the undisclosed Chinese customer in the previously announced CRJ900 NextGen transaction of 26-Oct-2011. The conditional order for six CRJ900 aircraft and options on an additional five of the aircraft type, will build upon China Express’ existing fleet of CRJ200 aircraft, serving to further enhance the airline’s regional network. A firm order for the six CRJ900 NextGen aircraft would be valued at approximately USD264 million. Should all five options be converted to firm orders, the value of the contract would increase to USD491 million. The disclosure was one of several announcements made at the Canada China Business Forum held in Beijing on 09-Feb-2012. China Express is based in Guiyang, Guizhou and currently provides regional passenger services with its fleet of five CRJ200 aircraft. [more - original PR]
China Express Airlines confirmed as undisclosed customer for CRJ900 order
You may also be interested in the following articles...
Global Fleet Outlook: Deliveries peak, as order highs decline.
Airlines are set to add more new aircraft than ever before in 2017. After years of record ordering and building backlogs, aircraft manufacturers are making good on their promises to ramp up production. The industry is enjoying record levels of growth and profitability; with solid passenger market fundamentals, and both airlines and leasing companies having access to ready liquidity, cheap debt and plentiful equity capital, making financing fleet orders easier than at any time before the global financial crisis.
Bombardier C Series: record orders in 2016 as both variants finally enter service
The first commercial flight of the Bombardier CS300 on 14-Dec-2016, operated by airBaltic from Riga to Amsterdam, will be a major milestone for the Canadian manufacturer's new C Series aircraft programme. Three CS100 aircraft are already in service with SWISS, so the airBaltic flight will mean that both variants of the C Series are finally in commercial operation.
The programme is Bombardier's first wholly new aircraft development, aimed at the 100 to 150-seat market segment and offering advantages of fuel efficiency, cabin space, noise and emissions. Bombardier once targeted 2013 for entry into service, but has been dogged by problems and delays. In 2015, Bombardier seemed to have overstretched itself. The C Series received no new orders during the year and Bombardier was forced to seek investment from the Province of Québec to rescue the programme.
In 2016 the company has recovered to win a net 117 new orders, its highest annual total, bringing the programme total to 360. However, competition is cut-throat, with Airbus, Boeing and Embraer all having new developments of existing products in the same space as the C Series. Bombardier's breakthrough orders from Air Canada and Delta in 2016 required heavy price discounts.