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Mon, Sep 13, 2004

Despite US Airways Bankruptcy: Bombardier Aerospace Maintains RJ Delivery Sked

Total aircraft deliveries not affected by US Airways bankruptcy filing.

Bombardier Aerospace tells ANN that the US Airways' filing for bankruptcy protection will not affect total aircraft deliveries for this fiscal year.

As of September 10, 2004, there were 45 Bombardier CRJ aircraft (comprised of two CRJ200 and 43 CRJ700) yet to be delivered to US Airways from the original order of 85 aircraft signed in May 2003. Twelve of these aircraft were scheduled to be delivered in the remainder of the current fiscal year 2004/05 (year ending January 31, 2005).

Of the 12 aircraft scheduled for delivery in the remainder of this fiscal year, eight will be taken by GE Capital Aviation Services (GECAS) in accordance with the original purchase agreement, leaving only four aircraft to be reconfigured for other airline customers. GECAS will also take delivery of an additional eight aircraft in the first two quarters of fiscal year 2005/06. The remaining US Airways aircraft deliveries have been deferred over the next two fiscal years as previously announced on July 27, 2004.

FMI: www.bombardier.com

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