From the Wires
COMAC and Bombardier Announce Successful Completion of Phase I of Definitive Agreement and Official Launch of Phase II
By: Marketwired .
Nov. 13, 2012 01:00 AM
ZHUHAI, CHINA -- (Marketwire) -- 11/13/12 -- Further to the definitive agreement signed on March 21, 2012, covering program commonalities between the C919 and CSeries aircraft, Commercial Aircraft Corporation of China Ltd (COMAC) and Bombardier Inc. wish to announce the successful completion of the Phase I of the agreement, and the launch of the second phase.
As part of the first phase of COMAC and Bombardier's long-term collaboration, the two aircraft manufacturers have achieved mutually beneficial outcomes in terms of product development and customer operating cost efficiencies for the C919 and the CSeries families of commercial airliners with regard to: 1) the cockpit human-machine (crew) interfaces, 2) the electrical system, 3) the development of aluminum-lithium standards and specifications, and 4) technical publications.
In addition, COMAC and Bombardier Inc. signed today a Letter of Intent (LOI) signalling the beginning of Phase II of their strategic collaboration.
As such, the second phase of their cooperation will explore further possibilities for C919 and CSeries aircraft commonalities, marketing and sales cooperation, expanded joint customer service capabilities, collaboration on product testing and certification, as well as opportunities for collaboration on future COMAC and Bombardier product lines.
By signing this LOI, Bombardier and COMAC are deepening their commitment to create complementary opportunities for customers of the C919 and the CSeries commercial airliners to realize cost benefits from the operation of both aircraft families.
COMAC, founded in May 2008 and headquartered in Shanghai, is the main organization for implementing the trunk liner program of China. COMAC is a civil aircraft OEM involved in aircraft integration and is mainly engaged in the research, manufacture, testing, and test flight of civil aircraft and related products, as well as sales and services, lease, and operation of civil aircraft. COMAC is committed to becoming a world-class civil aircraft manufacturer and providing customers and passengers with modern civil aircraft with safety, economy, comfort and environmentally friendly characteristics. News and information are available at www.comac.cc.
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.
Note to editors
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Bombardier, CSeries and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
C919 is a registered trademark of Commercial Aircraft Corporation of China Ltd.
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