Bombardier Wins Big in China

Bombardier’s prospects in China brightened considerably last month as the Canadian manufacturer signed a letter of intent (LOI) with Nantong Tongzhou Bay Aviation covering 30 Q400 turboprops and collected a firm order for three CRJ900s from China Express Airlines.

The LOI with Nantong outlines terms for delivery of the turboprops to a new carrier called Sutong Airlines. Based in Nantong in Jiangsu province, the new airline would start service in 2015. Bombardier places the value of the deal at nearly $1 billion based on list prices.