|By Marketwired .||
|July 14, 2014 06:28 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/14/14 -- Farnborough Airshow - Bombardier Aerospace announced today that Falcon Aviation Services LLC of Abu Dhabi has signed a firm purchase agreement for two CS300 jetliners. The transaction is a conversion of the Letter of Intent (LOI) to acquire one CS300 aircraft and one option that was announced on February 26, 2014. When the LOI was announced, Falcon Aviation Services became the first customer for CSeries aircraft in the United Arab Emirates.
Based on the list price of the CS300 aircraft, the contract is valued at approximately $153.6 million US.
Falcon Aviation Services is based at Al Bateen Executive Airport and operates a fleet of corporate jets conducting VIP charter flights, as well as a fleet of helicopters serving the offshore oil and gas industry. The company also conducts search and rescue, aircraft management, maintenance, repair and overhaul, as well as consulting operations. The company recently ordered two Bombardier Q400 NextGen turboprop aircraft for its fleet.
"We selected the CSeries aircraft because of its outstanding passenger amenities and superior performance - particularly its excellent range and hot-and-high capability," said Captain Mahmoud Ismael, Chief Operating Officer, Falcon Aviation Services. "All these factors, along with the strength of the Bombardier brand, position the CS300 aircraft exceedingly well for our business development plans versus its competition.
"Our CS300 aircraft will feature a unique configuration to specifically cater to business, corporate and elite travelers in the Middle East and connecting to North Africa, Europe and the Far East," added Captain Ismael.
"Bombardier is creating the future with its CSeries family of jetliners," said Mike Arcamone, President, Bombardier Commercial Aircraft. "With its exceptional operational flexibility, widebody comfort, as well as its unmatched environmental credentials, the CSeries family of airliners provides excellent opportunities for a wide range of business applications - an advantage that customers like Falcon Aviation are recognizing.
"As the only 100 per cent new aircraft specifically designed for the 100- to 149-seat, single-aisle market, the CSeries airliners are benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest-generation aerodynamics."
As of today, Bombardier has booked orders and commitments for 471 CSeries aircraft, which include firm orders for 203 CSeries airliners.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to editors
Images of CSeries aircraft are posted with this news release at www.bombardier.com.
Additional images and videos of CSeries aircraft are available in the CSeries Hub at cseries.com.
B-roll is available at bcamediafootage.com.
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Please visit Bombardier's Web site dedicated to its upcoming events at the Farnborough International Airshow at airshows.bombardier.com.
(i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.
Bombardier, CS300, CSeries, NextGen, Q400 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.