Bombardier Aerospace announced today that FlyBE of Exeter, England has converted four options on the Bombardier Q400 turboprop airliners to firm orders. Delivery of the aircraft, coupled with the order for 20 Q400 aircraft announced on January 27, 2005, will increase the FlyBE Q400 fleet to 45 aircraft.
Today's transaction is valued at approximately $100 million US.
"The Bombardier Q400 aircraft has played a huge part in the financial turnaround that we have accomplished in the last few years," said Jim French, Chairman and Managing Director of FlyBE. "This aircraft has allowed us to significantly reduce our unit costs and help us become one of Europe's premier low-cost, low-fare airlines in a very competitive marketplace. We are making money with the Q400 turboprop."
"FlyBE is a showcase for the Bombardier Q400 aircraft's ability to deliver exceptional value to an airline," said Steven Ridolfi, President, Bombardier Regional Aircraft. "The Q400 combines exceptionally low operating costs, jet speed and a very comfortable passenger experience."
In addition to this new order announcement, FlyBE and Bombardier have agreed to jointly promote the Q400 aircraft in the UK and Europe.
Today's order increases firm orders for the Bombardier Q400 turboprop to 151 aircraft.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2005, were $15.8 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
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