Bombardier to Supply 35 Bombardier TRAXX Locomotives to Angel Trains
Additional 10-Year Agreement for Maintenance of SNCB Locomotive Fleet
BERLIN, GERMANY -- (MARKET WIRE) -- 11/27/07 -- Bombardier
Transportation has won another major locomotive order for a private
customer with an order for 35 BOMBARDIER(i) TRAXX(i) locomotives from
the pan-European leasing company, Angel Trains. This latest order for
MS locomotives is an option from a Master Purchase Agreement
concluded in March 2005. Combined with its initial order for 5 TRAXX
locomotives, this brings a total of 40 similar units leased by Angel
Trains to the Belgian National Railways' (SNCB) freight operating
unit,
B-Cargo.
At the same time, SNCB has retained Bombardier to maintain the 40
TRAXX locomotives for a period of 10 years. The maintenance contract
covers both preventive and corrective maintenance, its planning and
the full supply of spare parts. The particularity of this "wet lease"
contract is that, whereas SNCB leases the locomotives from Angel
Trains, Bombardier Transportation will both supply and maintain them.
Maintenance will be done in a SNCB workshop by SNCB employees under
the responsibility and following the instructions of Bombardier
Transportation.
The total value of the contract for 40 locomotives (including the
initial order of 5 TRAXX locomotives) and the maintenance contract
amounts to approximately 175 million euros ($260 million US).
The 40 electric locomotives will provide cross-border services
through Germany, Austria, Belgium and the Netherlands. The platform
strategy of the TRAXX vehicle family, featuring a high percentage of
common components, makes it particularly economic for use throughout
Europe. Its modular construction means that the final configuration
of the locomotives can be smoothly adapted to the respective areas of
use and their infrastructure.
Final production of the multi-system locomotives will take place in
Bombardier's Kassel plant. Bodyshells will be produced at
Bombardier's Wroclaw site in Poland, and bogies in Siegen. The
locomotives will be powered by the renowned BOMBARDIER(i) MITRAC(i)
traction converters offering proven reliability and energy
efficiency. The related control system is the sophisticated MITRAC
TCMS offering applications to secure safe and economically optimized
traction power.
Belgian Railways CEO Marc Descheemaecker is looking forward to this
partnership: "We are satisfied to be dealing with two companies which
have demonstrated a high level of expertise, Bombardier
Transportation and Angel Trains, and look forward to their active
support over the next eighteen months, as we put this important fleet
into service. This investment will allow B-Cargo to turn towards the
international markets and to take an active part in the growing trade
which will be generated by the harbour activities in the coming
years"
Haydn Abbott, Managing Director, Angel Trains Group, welcomed this
transaction stating: "From our base in Antwerp, it is fitting that
our largest ever contract should have come from the Belgian railway,
SNCB, with whom we are delighted to have transformed a small and
recent contract into a large and long-term relationship. Together
with Bombardier, we have provided a compelling combination of
professional and flexible service and competitive economics,
transforming the procurement philosophy of an important public sector
railway".
Bombardier Transportation's Locomotive Division President, Edmund
Schlummer, stated: "We are delighted that in yet another country,
TRAXX locomotives have been chosen as the core fleet for freight
traction. We are also pleased with the successful and ongoing
partnership with Angel Trains. A total of 195 locomotives from the
TRAXX platform have been ordered by Angel Trains for its pan-European
locomotive leasing business, Angel Trains Cargo."
Laurent Troger, Vice President, Continental Europe, Bombardier
Transportation, Services, commented: "This order is a fine example of
Bombardier's commitment to the customer. With its know-how and
advanced capabilities, Bombardier has the ability to maintain rolling
stock assets that will last over an extended life time."
Note to editors:
Useful market and company background facts and contact details
follow.
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Background facts and figures
About Bombardier Transportation
Bombardier Transportation has its global headquarters in Berlin,
Germany with a presence in over 60 countries. It has an installed
base of over 100,000 vehicles worldwide. The Group offers the
broadest product portfolio and is recognized as the leader in the
global rail sector.
About Bombardier
A world-leading manufacturer of innovative transportation solutions,
from regional aircraft and business jets to rail transportation
equipment, systems and services, Bombardier Inc. is a global
corporation headquartered in Canada. Its revenues for the fiscal year
ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded
on the Toronto Stock Exchange (BBD). Bombardier is listed as an index
component to the Dow Jones Sustainability World and North America
indexes. News and information are available at www.bombardier.com.
About Angel Trains
Angel Trains is a leading lessor of railway rolling stock in the UK
and in Continental Europe, with aggregate investments of over Euros 6
billion. It has its group headquarters in London and other offices in
Antwerp, Cologne, Derby, Madrid and Rome. Angel Trains is a
wholly-owned subsidiary of The Royal Bank of Scotland Group, one of
Europe's leading financial services groups.
About SNCB
SNCB is a Belgian public law company that organises the national and
international rail transport of passengers and goods. SNCB also owns
and manages the train fleet. The company employs over 18,300 people
and realises a turnover of approximately 2.069 billion euro (2006).
SNCB participates also in other companies like Eurostar, Thalys, IFB,
TRW.
While offering a reliable and market - orientated quality service
SNCB plays a key role in the field of sustainable mobility.
(i) BOMBARDIER, TRAXX and MITRAC are trademarks of Bombardier Inc. or
its subsidiaries.
Contacts:
Americas
David Slack
+ 1 450 441 3190
Germany, Austria, Central and Eastern Europe
Jurgen Kornmann
+ 49 30 986 07 1138
Switzerland
Fiona Flannery
+41 44 318 29 91
Nordic Countries
Jonny Hedberg
+ 46 8 681 5062
Russia
Alexander Bocharov
+ 7 495 775 1830
UK, Ireland, Australia, New Zealand, other countries
Neil Harvey
+ 44 1332 266470
Benelux and France
Anne Froger
+ 33 6 07 78 95 38
Spain, Portugal, Italy, Greece, Turkey, India
Luis Ramos
+ 35 1 919 693 728
Angel Trains Group
Jane Vincent
Head of Corporate Communications
Direct Line: +44 (0)20 7592 0525
Mobile: +44 (0)7767 642 930
jane.vincent@angeltrains.com