Mon, Jun 18, 2007
MOU To Develop Chinese Regional Plane May Hold Promise For
CSeries
The big deals continued Monday from Paris. China Aviation
Industry Corporation (AVIC I) and Bombardier Aerospace announced a
memorandum of understanding (MOU) to develop a new, long-term
strategic cooperation in the five-abreast, 90- to 149-seat
commercial aircraft market.
Under terms of the MOU, Bombardier intends to participate in the
development of AVIC I's five-abreast ARJ21-900 aircraft -- possibly
including commonality between the ARJ21-900 and Bombardier CSeries
aircraft programs.
"In recent years, AVIC I and Bombardier Aerospace have worked
together to establish a strategic business relationship that allows
us to effectively evaluate current projects, identify areas of
mutual collaboration and explore future endeavours that will
further develop this relationship of cooperation," said AVIC I
President Lin Zuo Ming.
Bombardier intends to invest $100 million US in the ARJ21-900
project, when launched, and provide technical assistance towards
the development of the aircraft. Furthermore, in pursuit of its
goal to become a major international Tier 1 structural supplier,
AVIC I plans to invest $400 million US for research and
development, construction of new facilities and equipment for the
CSeries aircraft program, should it be launched.
"I am pleased with this collaboration between AVIC I and
Bombardier Aerospace," said Mr. Pierre Beaudoin, President and
Chief Operating Officer, Bombardier Aerospace. "It is an important
development for both companies. With the implementation of this
agreement, both AVIC I and Bombardier are expected to experience
long-term benefits related to the exchange of technical expertise
and the expansion of our market potential, both in the higher end
of the regional aircraft market and lower end of the mainline
market."
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