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The Week Of:
June12,2000

ILA 2000: Record $4.2 Billion Order for Fairchild

By Ryszard Jaxa-Malachowski,
AWN Central European correspondent

Fairchild Dornier now boasts a $12 billion order book after a series of lucrative deals were announced at ILA 2000.

US leasing company GE Capital Aviation Services (GECAS) placed a massive order for the Fairchild 728JET- the largest order in the manufacturer's history.

GECAS placed a $1.4 billion firm order for 50 728JETs, and added options for another 100 728JETs. Deliveries will begin in 2003.

"GECAS is excited about the fast growing regional jet market and looks forward to having the Fairchild Dornier 728JET aircraft to offer our customers," said Henry Hubschman, president and chief executive officer for GECAS.

The news was preceded at the show by another important order from BAVARIA International Aircraft Leasing, a member of the Munich-based Schšrghuber group of companies, which became the first aircraft leasing company to purchase the new 928JET and 728JET (beating GECAS by one day).

The company placed an order for a total of 10 aircraft: four 928JETs and two 728JETs, with two additional options for each type. This investment totals more than $305 million for BAVARIA, a launch customer for the 928JET.

There was also interest in Fairchild's lower capacity RJs. Fairchild announced the sale of five 428JETs and three 328JETs to Austrian carrier KLM alps/Air Alps Aviation for use in its operations throughout western Europe. The order includes options for three additional 428JETs.

KLM alps/Air Alps Aviation, operating in an alliance with KLM Royal Dutch Airlines and Northwest Airlines, operates five 328 turboprops from its base in Innsbruck. The company began operations from Innsbruck in March 1999, and operates additional hubs in Salzburg and Klagenfurt.

Under the agreement, the airline will begin taking delivery of the 328JETs in 2001, and the 428JETs in 2003. KLM alps/Air Alps Aviation is the first European customer for the 428JET.



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