Six Latin American orders in past six weeks valued over $125 million
Bombardier today announced at the AEROEXPO exhibition that three leading Mexican operators had placed orders for Bombardier Learjet 40, Special Edition Learjet 60 and Challenger 604 business jets.
The company also announced that it has won a firm order in Brazil for a Special Edition
Learjet 60 - the first for the new model in that country.
These four new sales, combined with two orders for the high-speed Bombardier Global 5000 aircraft recently placed by Honduran and Brazilian operators, reflect the surging popularity of Bombardier business jets across Latin America. The six transactions have a combined value of more than $125 million U.S.
A Mexican corporation, based in Toluca, will be upgrading their current aircraft with a new Bombardier Learjet 40 premium light jet. Reliability and performance were key factors in their decision to chose the Learjet 40 aircraft as the ideal 'step-up' from their King Air. Bombardier introduced the Learjet 40 into service in January 2004 to meet the demanding and evolving needs in the light jet segments. A total of 19 Learjet 40 business jets had been delivered as of February 2005.
The two Special Edition Learjet 60 aircraft orders also represent breakthroughs in their respective markets. A corporation based, in northeastern Brazil, which ordered the aircraft at the LABACE exhibition on April 1, together with an operator based in Mexico, are launch customers in Brazil and Mexico, respectively. Recognized as one of the best-selling jets in corporate aviation with 279 aircraft delivered as of February 2005, the Learjet 60 now features $1 million (U.S.) of interior and avionics options as standard equipment. Bombardier introduced the Special Edition Learjet 60 aircraft as the new production model in October 2004.
Citing a need for a larger cabin and improved reliability, a Toluca-based operator is replacing its Hawker 800 XP with a new Bombardier Challenger 604 business jet. The Challenger 604 has emerged as the best-selling aircraft in its class and, as of February 2005, a total of 309 aircraft had been delivered into service.
"This strong market preference for our business jets applies across our entire product line, from the light Learjet and widebody Challenger through to the long-range Global family," declared Fabio Rebello, regional vice-president, sales, Latin America, Bombardier Business Aircraft. "It further reinforces that Bombardier is setting the standard for corporate aviation in Latin America."
A total of 276 Bombardier business jets are based in Latin America, representing almost 27 per cent of the region's business jet fleet. In addition, Bombardier has delivered 39 new jets, representing 21 per cent of total deliveries into the region, in the 2000-2004 period. Bombardier's market dominance is even stronger in Mexico, where the company enjoys more than 29 per cent of the installed base, and has delivered 15 new aircraft, or 27 per cent of total deliveries from 2000 through 2004.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2005 were $15.8 billion US and its shares are traded on the Toronto stock exchange (BBD).
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