Air Canada places $2.45 billion order

Bombardier Aerospace announced today that it has signed a $2.45 billion contract with Air Canada for the sale of up to 90 Bombardier CRJ aircraft.

Bombardier Aerospace announced today that it has signed a contract with Air Canada for the sale of up to 90 Bombardier CRJ aircraft.

Air Canada has ordered the Bombardier CRJ regional jets for its wholly owned regional airline, Air Canada Jazz. The contract is contingent upon Air Canada’s emergence from bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA).

This contract has a potential value of approximately $2.45 billion. The firm order portion of the agreement has a value of approximately $821.2 million.

Deliveries of the CRJ200 model are scheduled to commence in 2004, with deliveries of the CRJ700 Series 705 model commencing in 2005.

“We welcome these new CRJ aircraft into our fleet,” said Joseph D. Randell, President and Chief Executive Officer, Air Canada Jazz. “They are the most efficient type of aircraft to serve many of our current and future markets.”

Air Canada Jazz will be the first operator of the Bombardier CRJ700 Series 705 LR aircraft. Powered by two General Electric CF34-8C5 turbofan engines, the Series 705 LR has a maximum take-off weight (MTOW) of 84,500 pounds (38,330 kg) with a range capability of over 2,200 miles (3,500 km) and cruising speed of 547 mph (880 km/h).