United Kingdom-based Lessor Falko Regional Aircraft Limited Signs Letters of Intent for up to 24 Bombardier CS100 Aircraft
July 12, 2014 - Montreal, Quebec
Farnborough Airshow -- Bombardier Aerospace announced today that Falko Regional Aircraft Limited (Falko) has signed two Letters of Intent (LOIs) in relation to the purchase of up to 24 firm Bombardier CS100 mainline jets.
"This year has been instrumental in building a solid relationship with Bombardier as we placed its regional jet and turboprop aircraft into our leasing portfolio and today, we are pleased to take the first step towards adding Bombardier's state-of-the-art CS100 aircraft," said Mark Hughes, Executive Vice President, Corporate Finance, Falko Regional Aircraft Limited. "As we begin a period of worldwide growth and expansion with a strong pipeline of acquisitions, the CSeries aircraft will figure prominently in our plans. We are confident about its future and positioning in our core marketplace."
"As a long-established leader and visionary in the commercial aircraft market, we are thrilled to welcome Falko to the CSeries aircraft family of customers and lessors. With its clean-sheet design aimed specifically for the 100- to 149-seat market, we are creating the future with the CSeries aircraft," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "As the fourth lessor to recognize the CSeries aircraft's considerable market potential, Falko brings an impressive amount of knowledge and experience in placing aircraft in this market segment and we are pleased it has placed its confidence in the CS100 aircraft."
As a leading global lessor, Falko has recently placed Bombardier CRJ900 and CRJ900 NextGen aircraft with long-time Bombardier customers Mesa Airlines Inc. and Adria Airways, and has also acquired Q400 aircraft on lease to Croatia Airlines.
Bombardier is creating the future with its CSeries aircraft - the only 100 per cent-new family of airliners specifically designed for the 100- to 149-seat, single-aisle market. Benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest-generation aerodynamics, the CSeries aircraft offer a 15 per cent(i) cash operating cost advantage, a 20 per cent(i) fuel burn advantage, exceptional operational flexibility, widebody comfort and an unmatched environmental and noise footprint.
The CS100 aircraft offers unmatched flexibility for many airline business models and is an ideal solution for hot-and-high and city-centre airport operations.
As of today, Bombardier has booked orders and commitments for 471 CSeries aircraft, which include firm orders for 203 CSeries airliners.
Falko was formed in July 2011 following the management buy-in, led by Jeremy Barnes, of BAE Systems Asset Management and its associated aircraft portfolio.
Falko has a clear growth strategy and intends to continue to expand the business and grow its portfolio of aircraft and services with particular focus on the regional aircraft market. With offices in Europe, Asia, South America and Australasia, Falko is well positioned to deliver a range of solutions across the globe. Twitter: Falko_ra
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Notes to editors
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(i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.
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