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Bombardier Sells Two Q300s (Oct. 12)

TORONTO --- Bombardier Aerospace has signed a contract with Cairo-based Petroleum Air Services (PAS) for the sale of two 50-passenger Bombardier Q300* regional airliners plus options for five additional aircraft.

The two firm aircraft, valued at $30.06 million U.S. ($42.08 million Cdn.), are scheduled for delivery in May next year with optioned aircraft deliveries to be completed by July 2004.

The new Bombardier Q300 aircraft will allow PAS to increase its route network in support of the oil and gas industry and provide additional services to support the country's tourism industry through charter services.

"Petroleum Air Services made its final decision on the purchase of the Bombardier Q300 aircraft on the basis of the aircraft's economics and performance characteristics," said General Samir Abdel Salam, PAS chairman. "Our experience over many years with our Dash 7 fleet - the forerunner of the Q* Series family of products - has given us a deep appreciation for the ruggedness and dependability of Bombardier's turboprop aircraft," he said.

PAS's fleet currently consists of five 50-passenger de Havilland Dash 7 airliners and a sizable fleet of Bell helicopters.

Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design and manufacture of innovative aviation products and services for the regional, business and amphibious aircraft markets.

It also offers Bombardier Flexjet fractional ownership, aircraft charter and management, technical services, aircraft maintenance and pilot training for business, regional airline and military customers.

Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for its fiscal year ended Jan. 31,2001 totaled $16.1 billion Cdn.


Bombardier Signs Q300 Turboprop Contract With Petroleum Air Services Of Cairo