Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Airline Places Firm Order for Five Bombardier Q400 NextGen Turboprops

T.BBD.A

TORONTO, ONTARIO--(Marketwired - July 30, 2014) - Bombardier Commercial Aircraft announced today that an airline, which has requested to remain unidentified at the present time, has signed a firm purchase agreement for five Q400 NextGen turboprop airliners.

Based on the list price for the Q400 NextGen airliner, the transaction is valued at approximately $168 million US.

"In today's challenging economic environment, the Q400 NextGen aircraft offers the optimum solution with four times the flexibility available to Bombardier operators today - single class, dual class, extra capacity seating for up to 86 passengers and the newly-launched cargo-passenger combi configurations," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "Q400 and Q400 NextGen turboprops continue to make headway in traditional and emerging markets around the world, and with over 50 customers and operators in nearly 40 countries, the Q400 aircraft's value proposition is only expected to increase, further shaping the modern turboprop market."

About Q400 NextGen aircraft

Optimized for short-haul operations and capable of seating up to 86 passengers, the Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides the perfect balance of passenger comfort and operating economics with a reduced environmental footprint.

The Q400 NextGen aircraft is the fastest new-technology turboprop, providing both jet-like speed and turboprop fuel efficiency. The aircraft's economics and operational flexibility allow airlines to profitably deploy it in a variety of ways to serve typical short-haul turboprop routes, as well as medium-haul jet markets.

Bombardier has recorded firm orders for a total of 511 Q400 and Q400 NextGen aircraft. Worldwide, Q400 and Q400 NextGen aircraft have transported more than 295 million passengers and have logged over 4.7 million flight hours and more than 5 million take-offs and landings.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to editors

Images of Q400 NextGen aircraft are posted with this press release at bombardier.com.

Additional information on the Q400 NextGen aircraft is available at www.q400nextgen.com.

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.

Bombardier, NextGen, Q400 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

Marianella de la Barrera
Bombardier Commercial Aircraft
+1-416-375-3030
marianella.delabarrera@aero.bombardier.com
www.bombardier.com



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today