Bombardier Aerospace Announces its Plan to Acquire ExelTech Hangar

Bombardier announced today the acceptance of its offer to purchase the Saint-Laurent facilities of ExelTech Aerospace Inc. following the latter’s bankruptcy. The acquisition will increase Bombardier’s Global Completion Centre (GCC) capabilities for its Global 5000 and Global Express XRS business jets. The world-class GCC is a fully integrated completion facility with the capability to define, engineer, fabricate, certify and deliver customized interior installations. Bombardier’s GCC is known for its superior quality and workmanship, as well as for its customer-centric focus.

Bombardier’s Global business jets are recognized throughout the industry as the ultimate in design and performance. “The acquisition of the ExelTech facility positions us to better serve our customers with the highest quality completions for our flagship Global business aircraft,” said Steve Ridolfi, President, Bombardier Business Aircraft.

Bombardier forecasts that the 115,000 sq.-ft. (10,684 sq.-m.) facility will be operational by the fall of 2010.

The acquisition of this facility from RSM Richter Inc., in its capacity of receiver of ExelTech Aerospace Inc., is subject to closing conditions including obtaining the approval of the Superior Court of Quebec, as is customary for this type of transaction.

Source: BOMBARDIER