Airline Industry
Bombardier announces follow-on CRJ order from Malev Hungarian Airlines
By Press
Bombardier Inc.
Jul 24, 2002, 10:22am

Farnborough, July 24, 2002

Farnborough Air Show 2002

Bombardier Aerospace has signed a follow-on contract with Budapest-based Malev Hungarian Airlines for the sale of two additional 50-seat Bombardier CRJ200*ER (Extended Range) aircraft plus options for two additional aircraft.

Today’s order is valued at approximately $40 million U.S.($60 million Cdn.) and brings to four, the number of firm Bombardier CRJ200 aircraft ordered by the airline to date.

As a result of this transaction, Malev retains six options that are convertible to the 70-passenger Bombardier CRJ700* when the carrier decides to add capacity.

Malev is scheduled to take delivery of its first new Bombardier CRJ* aircraft in the third quarter of this year for its new regional services operating as Malev Express. Malev Express began operations between Budapest and Prague with an interim Bombardiier CRJ100* on July 11, 2002.

The 14th European airline to order the Bombardier CRJ Series, Malev Express is using its CRJ aircraft to feed Malev Hungarian Airlines’ own hub at Budapest’s Ferihegy Airport, as well as its KLM/Northwest code-sharing partners. Malev Express will also add regional services between Budapest and points in the Ukraine, Romania and the Balkans, and between Budapest and points in Western Europe.

“Our interim Bombardier CRJ aircraft is performing as promised and passenger acceptance has been outstanding,” said József Váradi, chief executive officer, Malev. “We are pleased to provide our passengers with this modern, comfortable aircraft and set a new standard for regional air travel in Central Europe.”

“The Bombardier CRJ has proven to be the preferred choice in regional jet transportation by airlines and passengers around the world,” said John Giraudy, president, Bombardier Regional Aircraft. “We are proud that the Bombardier CRJ200 has been selected by Malev and look forward to a long and successful partnership.”

Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design, and manufacture of innovative aviation products and services for the regional, business and amphibious aircraft markets. It also offers Bombardier Flexjet® fractional ownership, aircraft charter and management, technical services, aircraft maintenance and pilot training for business, regional airline and military customers.

Bombardier Inc., a diversified manufacturing and services company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montréal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

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*Trademarks of Bombardier Inc.

Information:

Kenneth Swartz
Bombardier Aerospace
Toronto : (416) 375-3030

Bert Cruickshank
Bombardier Aerospace
Farnborough : 44 (0) 125 23 80 229

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