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Bombardier, COMAC sign DA on Phase II of long-term collaboration

Further to the Definitive Agreement, or DA, signed on March 21, 2012 covering program commonalities between the C919 and CSeries aircraft and the Letter of Intent, or LOI, signed on November 13, 2012 signaling the beginning of Phase II of their strategic collaboration, Bombardier and the Commercial Aircraft Corporation of China, or COMAC, announce the signing of a DA covering four distinctive projects. The DA is to be executed as part of the second phase of the parties' long-term collaboration on leveraging commonalities between the C919 and CSeries airliners. The second phase of COMAC and Bombardier's cooperation is expected to contribute further to enhancing the competitiveness of not only the C919 and CSeries aircraft programs, but also of both COMAC and Bombardier's overall businesses, and will help with maximizing both parties' cost savings and market shares, while allowing customers of the C919 and the CSeries commercial airliners to realize cost benefits from the operation of both aircraft families.