Russia's Ilyushin Finance Co. Firms Purchase Agreement for up to 42 Bombardier CSeries Aircraft
05 June 2013 - 3:37AM
Marketwired
Bombardier Aerospace announced today that its purchase agreement
with Moscow-based leasing company Ilyushin Finance Co. (IFC) has
been approved by IFC's shareholders and is now firm. The firm
purchase agreement covers the acquisition of 32 CS300 aircraft and
options for an additional 10 CS300 aircraft, following a letter of
intent signed by IFC in 2011 and a conditional purchase agreement
announced by Bombardier on February 20, 2013.
Based on the list price for the CS300 aircraft, the firm order
is valued at approximately $2.56 billion US. Should IFC also
exercise its 10 options, the contract would have a total value of
approximately $3.42 billion US.
"Operators in the Commonwealth of Independent States (CIS), as
well as those based in other parts of the world, have expressed
interest in acquiring the CSeries aircraft since older, less
efficient aircraft designs are presenting ongoing challenges
because of high fuel costs and heightened environmental awareness,"
said Alexander Rubtsov, Director General, IFC. "With its
clean-sheet, advanced technology design, the CS300 jetliners will
help to alleviate these concerns, while offering excellent range,
superior field and runway performance, and a superb cabin that will
bring airline transport into the 21st century."
Mr. Rubtsov also noted that the CSeries aircraft, with its
capacity and performance, is ideally placed between the smaller
Russian Superjet and the larger capacity Russian MC-21 aircraft,
which IFC has committed to purchase. Additionally, he confirmed
that the CS300 aircraft with the extra capacity seating option will
be available for international operators interested in higher
density configurations.
"This is a landmark order for Bombardier Aerospace and its
CSeries aircraft, as well as for this premier Russian leasing
company," said Mike Arcamone, President, Bombardier Commercial
Aircraft. "IFC's order confirms that the CSeries aircraft is ideal
for a step-change in air travel throughout the CIS and elsewhere in
the world."
Currently, 95 CRJ regional jets and Dash 8/Q-Series aircraft are
in service, or on order, in Russia and the CIS. In addition,
Bombardier is also exploring sale opportunities for its Q400
NextGen turboprop aircraft in Russia and the CIS following the
aircraft type approval that was awarded in June 2012 by the
Interstate Aviation Committee (IAC) - commonly known by its Russian
acronym, MAK - and subsequent entry-into-service of a Q400 aircraft
by Yakutia Airlines from the airline's base in northeast
Russia.
CSeries aircraft
Designed for the growing 100- to 149-seat market, the 100 per
cent new CSeries aircraft family combines advanced materials,
leading-edge technology and proven methods to meet commercial
airline requirements. Powered by Pratt & Whitney PurePower
PW1500G engines, the CSeries aircraft family will offer a 15(i) per
cent cash operating cost advantage and a 20(i) per cent fuel burn
advantage. With the extra capacity seating option, the CS300
aircraft's productivity further improves, offering airlines an
average of four(i) per cent additional cash operating cost
advantage per seat. The CSeries aircraft's clean-sheet design is
ensuring that the aircraft will achieve greatly reduced noise and
emissions, as well as superior operational flexibility, exceptional
airfield performance and a range of 2,950 nm (5,463 km)(i). The
CSeries aircraft will be up to 12,000 lbs. (5,443 kg)(i) lighter
than other aircraft in the same seat category and will provide
passengers with a best-in-class, widebody cabin environment in a
single-aisle aircraft.
As of March 31, 2013, Bombardier had booked orders and
commitments for 388 CSeries aircraft that include firm orders for
145 CSeries airliners.
About Bombardier
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, 2012, we posted revenues of $16.8
billion. News and information are available at bombardier.com or
follow us on Twitter @Bombardier.
Notes to editors
Images of CS300 aircraft in IFC's livery are posted with this
press release at: www.bombardier.com.
Follow @Bombardier_Aero on Twitter to receive the latest news
and updates from Bombardier Aerospace.
(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.
PurePower ® is a registered trademark of United Technologies
Corp. - Pratt & Whitney.
Bombardier, CRJ, CS300, CSeries, Dash 8, NextGen, Q-Series, Q400
and The Evolution of Mobility are trademarks of Bombardier Inc. or
its subsidiaries.
Contacts: Marc Duchesne Bombardier Commercial Aircraft
+1-416-375-3030marc.duchesne@aero.bombardier.com
www.bombardier.com
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