Cairo-based Petroleum Air Services (PAS) has placed an order for one 50-seat Bombardier Q300 to support Egypt's petroleum and tourism sectors.
The transaction is valued at approximately $14.8 million and represents the conversion of one of two existing PAS options to a firm order. Delivery of the new aircraft is scheduled for the second quarter of 2003.
PAS currently operates two Bombardier Q300 aircraft. Prior to the introduction of the Bombardier Q300 in mid-2002, the PAS fleet consisted of five 50-seat de Havilland Dash 7 turboprops and 23 Bell helicopters.
"We require the additional Q300 because our petroleum and tourism activity is steadily increasing," said Chairman of PAS General Samir Abdel Salam Youssef.
PAS flies from Cairo International Airport to a number of petroleum exploration sites within a 700 kilometer radius on behalf of 12 Egyptian and multi-national companies. It also operates charter flights within Egypt and to surrounding countries on behalf of Egypt's tourism sector.
The Bombardier Q Series family includes the 37- to 39-seat Q100 and Q200, 50- to 56-seat Q300 and 68- to 78-seat Q400. All feature the NVS system, which has established new standards for a quiet passenger cabin.
Bombardier Aerospace, a unit of Bombardier is a designer and manufacture of aviation products and provides services for the regional, business and amphibious aircraft markets. It also offers Bombardier Flexjet fractional ownership, aircraft charter and management, technical services, aircraft maintenance and pilot training for business, regional airline and military customers.
Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year 2002 stood at $21.6 billion Canadian dollars ($14 million). — (menareport.com)
© 2003 Mena Report (www.menareport.com)
