Subscribe
PLANT

Bombardier completes $264 million CRJ900 deal in China

Transaction includes options that could bring the deal’s value to $491 million


October 27, 2011
by The Canadian Press

TORONTO—Bombardier says an unidentified Chinese airline has signed a conditional agreement to buy six regional aircraft in a deal worth US$264 million.

The transaction also options for five more CRJ900 NextGen aircraft.

If those options are converted to firm orders, the value of the contract would increase to $491 million.

The deal is the first CRJ900 aircraft order in China, a rapidly growing commercial aircraft market.

More than 80 Bombardier aircrafts, including the CRJ series and Q-Series commercial aircraft and Learjet, Challenger and Global business jets are currently operating in China.