Topic Author
Posts: 3934
Joined: Mon Aug 23, 1999 5:35 am

Bombardier/FD News

Wed Jun 05, 2002 2:51 am

MONTREAL, June 4 (Reuters) - Bombardier Inc. (Toronto:BBDb.TO - News) said on Tuesday it had completed a technical examination of the Fairchild Dornier 728 and 928 regional jet program and was proceeding with a commercial evaluation.

Speaking to reporters after Bombardier's annual meeting, Robert Brown, president and chief executive, cautioned Bombardier was not in due diligence regarding Fairchild's 728 and 928 program or assets. That means Bombardier will likely make a final decision only later this summer on whether to take up the 728 and 928 jet programs, Brown said.

"There is much work to do and we are far from a decision," he said.

Brown said development of insolvent Fairchild Dornier's 728 jet would probably cost about $400 million, while the 928 program would cost roughly $1 billion. He said Bombardier is not interested in any other Fairchild Dornier assets.

source: Reuters Company News

Flown: A319/320/321,A332/3,A343/346, A380,AT4,AT7,B732/3/4/5/7/8/9,B742/4,B762/763,B772/77W,CR2/7/9/K,ER3/4,E70/75/90/95, F50/70/100,M11,L15,SF3,S20, AR8/1, 142/143,...
Posts: 1877
Joined: Sun Jan 13, 2002 6:53 am

RE: Bombardier/FD News

Wed Jun 05, 2002 3:04 am

We are only funded till June 30th is that summer time?

Posts: 5539
Joined: Sat May 28, 2005 1:11 am

RE: Bombardier/FD News

Wed Jun 05, 2002 3:12 am

I think they've made up there minds. But are going for the maximum in loan guarantees and concessions.
German banks will float FD for as long as their is an interested party--they've publicly said that.
I'd be fairly certain that they have already completed a certain amount of due diligence.

On pure speculation, I would want to see Boeing step in and take another look now that Stonecipher is retiring...

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos