Sun, Aug 01, 2010
Bombardier Learjet And KS Governor Reach Financing
Agreement
Kansas Governor Mark Parkinson (R) (pictured, right) and
Bombardier Business Aircraft President Steve Ridolfi, announced the
details Friday of a formal agreement that will secure production of
the all-new midsize Learjet 85 aircraft at Bombardier Learjet in
Wichita.
The agreement includes $27 million in bond financing from the
State of Kansas which will be invested in improvements to Learjet's
Wichita facility in order to prepare for the eventual production of
the Learjet 85 business aircraft. Modification plans to the Learjet
campus include an all-new paint facility, customer delivery centre,
production flight test facility and expanded production hangars for
the final assembly of the Learjet 85 aircraft.
"The State of Kansas' generous support of our business will help
secure Learjet's future in Wichita, the birthplace of Learjet
aircraft, and help ensure that the success Learjet has enjoyed for
over 45 years continues to prosper with the addition of new
programs like the Learjet 85 aircraft," said Steve Ridolfi,
President, Bombardier Business Aircraft.
Bombardier Aerospace says it continues to invest in both current
production Learjet aircraft as well as innovative products such as
the all new Learjet 85 midsize jet.
Lear 85 File Image
"This is great news for Wichita and the entire state as we
continue to further our economic recovery in Kansas. The agreement
reached is a responsible investment that will not only keep hard
working employees of Bombardier, but also create jobs and promote
our state's rich aviation industry," said Governor Parkinson
Launched on October 30, 2007, the new Learjet 85 aircraft is on
schedule for entry into service in 2013.
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