Bombardier Growing In China

1998

China Express Airlines is buying six Bombardier CRJ900 NextGen aircraft and has options to increase the number to 11, as part of a contract worth up to $491 million Bombardier announced yesterday. China Express, the first private regional airline in China, already operates fleet of five Bombardier CRJ200 aircraft. The expanded fleet will enable the company to expand its regional network.

More than 80 Bombardier aircraft are currently operating in China; the country’s fleet is expected to grow as the world’s second largest market for new aircraft deliveries, with a forecasted demand of almost 2,400 commercial aircraft in the 60-149 seat segment over the next 20 years.

Further expanding its position in this market Bombardier has signed a memorandum of understanding (MOU) with Chinese lease financing company AVIC Leasing. The MOU that was signed yesterday will provide optimized aircraft and financing solutions in China and abroad.