Bombardier confirms deal to have CSeries fuselage made by Shenyang Aircraft
<p>FARNBOROUGH, England — Bombardier Aerospace (TSX:BBD.B) has signed a contract to have Chinese state-owned Shenyang Aircraft Corp. produce the centre fuselage for the newly launched CSeries airliner.</p><p>China Aviation Industry Corp., Shenyang's parent company, "attaches great importance to and supports the CSeries project and is willing to participate in this project as a risk-sharing supplier," the Chinese enterprise's vice-president for commercial airplanes, Wang Yawei, said Tuesday in a statement from the Farnborough International Air Show.</p><p>Bombardier officially announced the launch of the CSeries program on Sunday, and hoped-for sales to Chinese airlines are a key part of its plan for the 100-to-149-seat fuel-efficient jetliner.</p><p>"I am confident that the co-operation ... will further promote the development of the commercial aircraft business of our two companies and contribute to the development of the global aviation industry," Wang stated.</p><p>The contract follows a June 2007 memorandum of understanding on the CSeries, and Bombardier stated the collaboration will produce cost reductions and production efficiencies for both sides.</p><p>Said Bombardier CEO Pierre Beaudoin: "Together, we will expand upon this supplier relationship and build a new, long-term strategic co-operation that will allow us to reap the benefits of working together on products that will more than meet the needs of the marketplace."</p><p>Currently, 25 employees from China are working at Bombardier's Montreal facilities. </p> http://www.cctv.com/english/20080717/images/1216275379103_1216275379103_r.jpg http://www.cctv.com/english/20080717/images/1216275311034_1216275311034_r.jpg
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