Contract converts seven existing CRJ700 orders; adds five additional Q400 firm orders.
Bombardier Aerospace announced today that Seattle, Washington-based Horizon Air has signed a contract to acquire 12 Q400 turboprop airliners. The transaction includes the conversion to Q400 aircraft of seven firm orders currently held by Horizon Air for the CRJ700 regional jet, plus five incremental orders for the Q400 turboprop.
The revised contract is valued at approximately $294 million US at list price. Deliveries of the Q400 aircraft from this order are scheduled to commence in the fourth quarter of 2006. Delivery of the one remaining CRJ700 from Horizon Air's previous order is scheduled for the first quarter of 2006.
Horizon Air currently operates 18 Q400 aircraft. The airline also operates 19 CRJ700 jets, of which nine are flying as Frontier JetExpress on behalf of Frontier Airlines.
"The Bombardier Q400 provides a fast, quiet and comfortable travel experience for our customers, while delivering optimal fuel efficiency and low operating costs," said Jeff Pinneo, President and CEO, Horizon Air.
"More and more, airlines are recognizing the unique qualities of the Q400 turboprop," said Steven Ridolfi, President, Bombardier Regional Aircraft. "No other regional aircraft can offer its combination of jet-like speed, passenger comfort and fuel economy. The Q400 aircraft is in a class of its own."
The firm order book for the Q400 airliner now stands at 163 aircraft. As of September 30, 2005 104 Q400 aircraft had been delivered to 12 operators in North America, Europe and the Asia Pacific region.
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.
Q400 and CRJ700 are trademarks of Bombardier Inc. or its subsidiaries.