Bombardier Aerospace announced today that a wholly owned subsidiary of Nordic
Aviation Capital A/S of Billund, Denmark has signed a firm purchase agreement
for twelve CRJ1000 NextGen aircraft. Nordic Aviation Capital has confirmed that
the aircraft will be leased to Garuda Indonesia, Bombardier's previously
announced launch customer for the CRJ1000 NextGen aircraft in the Asia-Pacific
region. Nordic Aviation Capital is one of the world's largest lessors of
regional aircraft, with a portfolio of over 160 turboprop and jet aircraft
serving more than 30 customers in 20 countries. 


Based on the list price of the CRJ1000 NextGen aircraft, the firm order is
valued at approximately $595 million US.


"Nordic Aviation Capital's order, as well as recent transactions undertaken by
other third party financiers to provide CRJ1000 NextGen aircraft to Air Nostrum
of Spain, illustrate that these aircraft present attractive financing and
leasing opportunities for airlines and investors," said Mike Arcamone,
President, Bombardier Commercial Aircraft.


Garuda's twelve leased CRJ1000 NextGen aircraft, plus six firm-ordered directly
from Bombardier in February 2012, will result in a fleet of 18 CRJ1000 NextGen
aircraft. Should the airline also convert the 18 options placed with Bombardier,
its fleet of CRJ1000 NextGen aircraft would increase to 36. Based at
Soekarno-Hatta International Airport near Jakarta, Garuda Indonesia was
established in January 1949. The airline currently operates a fleet of 92
commercial aircraft serving 31 domestic and 19 international destinations. 


"Although it is a relatively new product, the Bombardier CRJ1000 NextGen
aircraft is performing extremely well with its current operators, delivering
exceptional reliability and the lowest seat-mile costs in its market segment,"
said Martin Moller, Chairman, Nordic Aviation Capital. "We are therefore
delighted to be acquiring these high-quality assets and assisting Garuda
Indonesia in carrying out its business plan."


"The CRJ1000 NextGen aircraft's superior economics, outstanding fuel economy and
excellent passenger comfort ideally meet our requirement for 100- seat aircraft;
and the acquisition of these twelve additional aircraft via Nordic Aviation
Capital is integral to our network expansion from five regional hubs," said
Emirsyah Satar, President and Chief Executive Officer, Garuda Indonesia. 


"The significant market potential and outstanding value retention of the CRJ1000
NextGen aircraft, as well as the broad base of CRJ aircraft operators around the
world, are all positive factors contributing to the interest from leasing
companies," said Mairead Lavery, Vice President, Strategy, Business Development
and Structured Finance, Bombardier Aerospace. "We are pleased to see that
leasing companies such as Nordic Aviation Capital have recognized the
outstanding in-service performance and reliability of the CRJ1000 NextGen
aircraft."


Including the order from Nordic Aviation Capital, Bombardier has recorded firm
orders for 1,729 CRJ Series aircraft, with 1,665 delivered as of March 31, 2012.
Worldwide, CRJ Series aircraft are in service with more than 60 airlines and
more than 30 customers operate corporate variants of the aircraft. The aircraft
are operating in over 50 countries, and on average, a CRJ aircraft takes off
every ten seconds somewhere in the world.


CRJ1000 NextGen aircraft

Designed specifically to meet the needs of airlines in high-frequency regional
markets, the CRJ1000 NextGen aircraft is achieving the lowest cash operating
cost per mile and per seat for operators in its market segment, while delivering
extra range, exceptional reliability and a greener footprint. The CRJ1000
NextGen aircraft delivers the lowest fuel burn per seat of any in-production
regional or narrowbody aircraft with fewer than 130 seats. CRJ NextGen aircraft
provide an outstanding passenger environment with a new interior that features
larger overhead luggage bins, larger windows, improved cabin lighting and
redesigned ceiling panels and sidewalls. 


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, 2011, we
posted revenues of $18.3 billion USD. News and information are available at
bombardier.com or follow us on Twitter @Bombardier. 


Notes to editors

Images of Garuda Indonesia CRJ1000 NextGen aircraft and additional information
on CRJ NextGen aircraft are available at: www.aero.bombardier.com and
www.crjnextgen.com. 


Follow @Bombardier_Aero on Twitter to receive the latest news and updates from
Bombardier Aerospace.


Visit Bombardier Commercial Aircraft's "one stop" news centre for news, product
information, videos, photos and social media activity:
http://Press.CommercialAircraft.Bombardier.com


Bombardier, CRJ, CRJ1000 and NextGen are trademarks of Bombardier Inc. or its
subsidiaries.


Bombardier (TSX:BBD.B)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Bombardier Charts.
Bombardier (TSX:BBD.B)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Bombardier Charts.