Bombardier Aerospace and China Aviation Industry (AVIC I) have signed a memorandum of understanding (MoU) to show their willingness to cooperate in the production of five-abreast, 90- to 149-seat commercial aircraft.
As part of the long-term agreement, Bombardier plans to participate in the development of AVIC I’s five-abreast ARJ21-900 by drawing from the aircraft’s common features with the Bombardier CSeries aircraft, as well as investing $100m in the project.
In return, AVIC I plans to invest $400m into the CSeries aircraft program if it is launched.
‘For regional airlines, the addition of the ARJ21-900 to the market will complement our Bombardier CRJ family of aircraft,’ said Pierre Beaudoin, president and chief operating officer of Bombardier Aerospace. ‘The CRJ family has the lowest operating costs in the industry.’
AVIC I plans to launch the ARJ21-900, a derivative of the ARJ21-700, in 2007, with an expected entry into service by 2011.