Tue, Mar 29, 2011
Will Evaluate Potential Collaboration On C919/CSeries Aircraft
Commonalities
The Commercial Aircraft Corporation of China Ltd (COMAC) and
Bombardier Inc. have signed a framework agreement to establish a
long-term strategic cooperation on commercial aircraft.
According to a news release, the long-term strategic cooperation
agreement is based on both COMAC's and Bombardier's desire to build
on the potential complementary nature of their products and
respective expertise. This includes exploring collaboration in
their marketing, customer relationship and customer support
strategies to help each other increase overall market share in
emerging and mature markets. Both parties will also evaluate
possibilities for cooperation with regards to C919/CSeries aircraft
program commonalities, joint procurement as well as collaboration
on future Bombardier and COMAC product lines.
"COMAC is pleased to work closely with Bombardier to efficiently
identify areas of mutual collaboration and explore future
endeavours. Both our companies have specific strengths that, when
combined, will enhance the competitiveness of our respective
aircraft programs and businesses as a whole," said Mr. Zhang,
Chairman of COMAC.
"This agreement represents another important step in the
strengthening of our relationship. We believe that this
collaboration will generate positive results for both the C919 and
CSeries aircraft programs. It also opens the door to further
cooperation on any other projects that would be mutually
beneficial," stated Pierre Beaudoin, President and Chief Executive
Officer of Bombardier Inc.
The collaborative framework agreement was signed by Chairman
Zhang and President and Chief Executive Officer Beaudoin in
Shanghai.
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