Chapter 973 Standard Bombardier

For example, it was said that the grand banquet held by Barron at Chatsworth Manor was to raise funds for these British aristocrats who had a profound foundation, could still be prominent, and had accumulated considerable wealth.

During the end of the year, DS Group, Standard Chartered Bank and Continental Bank also held various fundraising receptions and other activities throughout Europe to raise funds for these two super funds.

After all, the Vision Fund for emerging markets is a fund that DS Group cooperates with Standard Chartered Bank, and its custodian bank is Standard Chartered Bank, which has more branches in emerging markets.

The European Wealth Fund, which invests in the European market, is a fund cooperating between DS Group and Continental Bank. The custodian bank is Continental Bank.

Not only the British aristocrats, but also aristocrats and wealthy people from other European countries have also actively participated in the investment of these two funds.

If at the beginning, the aristocrats and wealthy people needed to spend a small portion of their funds to try the funds launched by Barron, then now with Barron's continued success, he has launched more than It is able to attract capital from the Middle East. These funds are also very popular among European gentlemen and emerging wealthy people.

Even because these two super funds have very high investment thresholds, families who can invest in them regard investing in these two funds as a low-key showpiece.

Why are Wall Street capital companies such as BlackRock, Vanguard Group and State Street in the original space and time so powerful?

Using other people's money to make money is a sure-fire business.

Moreover, those investors are themselves influential wealthy people in various fields, and the energy gathered from this is very terrifying.

Through these two super funds, Barron is slowly bringing together traditional wealthy families across Europe, so that his next investment can be successful.

…

On December 5, Colo Airlines signed an order worth nearly US$1.5 billion with Standard Bombardier. They will purchase 20 CRJ900 regional jets from Standard Bombardier Aeronautical Manufacturing Company, and have booked 11 Standard Bombardier’s upcoming The latest regional airliners of the C Series, including 5 CS100 and 6 CS300 aircraft.

One of the CS300s will be transformed into President Kolo’s special plane.

The CRJ900 is a 90-seat regional jet aircraft. It is an extended version of the CRJ-700. It is also the largest and newest member of Bombardier's most successful CRJ series of civilian regional airliners. The development plan was officially launched on July 24, 2000 and in February 2001. First flight on January 21st...

It is also because of the success of the CRJ series aircraft that Bombardier was once called the world's third largest passenger aircraft manufacturer after Boeing and Airbus... Of course, the so-called third is the same as the top two Boeing and Airbus. Comparatively, the gap is a bit big.

It can be said that although the CRJ900 is relatively "old", it can be regarded as a relatively cost-effective regional airliner. Compared with the main competitive model Embraer 190, the CRJ900 is smaller, but its operating costs are much lower. .

The monthly operating cost of the CRJ 900 is less than US$500,000. Under the same conditions, the 190 needs to pay 35% higher costs than the CRJ 900, and needs to carry 1,942 more passengers per month to maintain breakeven.

The CRJ900 passenger aircraft purchased by Colo Airlines will be used on their routes with African countries. As a passenger aircraft with less than 100 seats, the CRJ900 is relatively suitable for Colo's current passenger volume.

This is also the "support" Barron's helped the company, which has been renamed Standard Bombardier, in commercial aircraft after acquiring Bombardier's aviation business.

The completion of this order will greatly improve the company's financial situation on regional passenger aircraft.

After all, before this, Bombardier incurred huge losses in order to develop the C-series 100-130-seat regional airliner.

It can be said that this acquisition of Bombardier's aviation business saved the company's regional passenger aircraft business.

In the original time and space, Bombardier successively sold its regional passenger aircraft business due to its deteriorating financial situation year by year——

First, in 2017, the leadership of the newly developed C-series passenger aircraft project was handed over to Airbus, and the name was directly changed to A220...

Then in early 2019, it sold the "Assault" series of turboprop regional airliners to de Havilland; in the same year, it sold its CRJ project to Mitsubishi Heavy Industries. At this point, it completely gave up the regional airliner business...

That’s different now. With Barron’s financial backing, Standard Bombardier’s C Series will continue…

In 2004, Bombardier began studying the launch of a new aircraft to compete for the regional aircraft market occupied by aging DC9s, MD80s, Fokker 100s and Bae 14RJs, and named the aircraft "CSeries".

Bombardier says the name represents "competitiveness," "the ability to fly across continents" and "the connector," and commemorates Canadair, which Bombardier acquired in 1986.

At the same time, the C series also represents Bombardier's ambition at the time - C also implies that Bombardier hopes to break the pattern of the single-aisle aircraft market dominated by Boeing and Airbus, because A represents Airbus and B represents Boeing.

At this time, the research and development of the relevant models has entered the final stage. The model plans to adopt a 3+2 layout, with larger windows and luggage racks, while fuel consumption and operating costs will be reduced by 20% and 15% respectively.

The C series includes two models, the smaller model (CS100) will accommodate 100 to 115 passengers, and the larger model (CS300) will accommodate 130 to 135 passengers.

In the original time and space, on June 30, 2016, Swiss Airlines received the first CS100 aircraft and started its first flight from Zurich to Paris Charles de Gaulle Airport on July 15.

The first CS300 aircraft was delivered to Air Baltic on November 28, 2016, and was put into commercial operation from Riga, the capital of Latvia, to Amsterdam, the capital of the Netherlands, on December 14, 2016.

However, now that Colo Airlines has made an advance booking, Standard Bombardier Aerospace, which has obtained more funds, will also step up its efforts and is expected to start delivering CS100 aircraft in 2015, the year after next...

Currently, some of Bombardier Aviation's main assembly lines and related functions, including the C Series aircraft project, will remain in Quebec, Canada, where they will mainly serve North American customers.

They plan to add assembly and major parts production centers for Standard Bombardier Aviation in England and France to serve customers in Europe, Asia and Africa...

In addition to Colo Airlines, Barron's DS Group and Standard Chartered-Merrill Lynch also own some shares of other airlines, and also own the world's second largest aircraft leasing company, Global Lease Finance, which was acquired from American International Group and owns more than 1,000 aircraft of various types. Some of Colo Airlines' companies previously leased and used aircraft from here.

Therefore, it is not difficult for Barron to expand Standard Bombardier's regional aircraft business.