Abstracts » News, opinion and commentary

Bombardier lands jet deal with Lufthansa

Article Abstract:

Bombardier Inc. received on Sep. 17, 1998, orders from Deutsche Lufthansa AG of Germany for 10 of Canadair's new 70-seat Regional Jets (CRJs) and options on 10 more CRJs in a transaction worth $475 million. In addition, Lufthansa, which is a state-owned company, also tendered an order for 10 more 50-seat CRJs, thus boosting its fleet to 55 50-seat CRJs. With the Lufthansa order, Bombardier has now 51 orders for 70-seat CRJs, with the first delivery slated for early 2000. Lufthansa had been considered as a possible client for Fairchild Dornier USA's planned 90-seat and 70-seat regional jets.

Comment:

Gets on 9/17/98 orders from Deutsche Lufthansa AG of Germany for 10 of Canadair's new 70-seat Regional Jets worth $475 mil

Germany, Capital expenditures, New orders received, Aircraft Manufacturing, Commercial Aircraft, Bombardier Inc., Deutsche Lufthansa AG

---

Air Canada logs record operating profit

Article Abstract:

Montreal, Quebec-based Air Canada reported record operating profits of C$148 million for the second quarter of 1998. Air Canada also reported a 13% increase in its sales to close to C$1.6 billion during the second quarter of 1998. The company, however, continues to be hurt by a bearish stock market and concerns were raised regarding its financial performance as a result of a slowdown in North America's economic growth and the financial crisis in the Asian region.

Comment:

Reports record operating profits of C$148 mil for the second quarter of 1998

Sales, profits & dividends, Air Canada

---

Quebec suburb is fastest growing spot in canada

Article Abstract:

Blainville, Quebec, was the fastest growing city in Canada between 1991 and 1996, according to Statistics Canada's latest census. The city's population jumped by 30.5% to 29,603 during the period. Around 26% of the population were composed of children under 15, while only 4% were 65 or older. The average family income totalled C$60,361, surpassing the national average by more than C$1,500.

Population

Some parts © 2012 Advameg, Inc.