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2007-03-16 News Release

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Firm ordered aircraft by Pinnacle Airlines

Bombardier Aerospace confirms a firm order of 15 Q400 aircraft by Pinnacle Airlines and conditional orders for another 10 aircraft and future options.

 

Bombardier Aerospace announces that Pinnacle Airlines Corporation of Memphis, Tenn., USA has signed a contract to acquire 15 Bombardier Q400* 74-seat turboprop airliners. The transaction also includes conditional orders for another 10 Q400 aircraft and options on an additional 20.

Find Information and Suppliers of turboprop aircraft.

The value of the 15 firm ordered aircraft, based on the list price of the Q400 aircraft, is approximately $381 million US. The value could rise to $1.2 billion US if all conditional orders and options are exercised.

Pinnacle Airlines Corporation will assign the 15 aircraft to its wholly owned subsidiary Colgan Air, Inc. which will operate the aircraft under the Continental Connection banner primarily from the Continental Airlines hub at Newark Liberty International Airport, New Jersey.

Pinnacle Airlines Corp. Places Firm Order For 15 Bombardier Q400 Airliners

Pinnacle Airlines Corp. Places Firm Order For 15 Bombardier Q400 Airliners. Click Go for High resolution image. photo: Bombardier

The transaction announced increases firm orders for the Q400 aircraft to 215. More than 140 Q400 aircraft have been delivered to 18 operators in Africa, the Asia-Pacific region, Europe, the Middle East and North America. Four additional customers - Frontier Airlines of Denver, USA, Luxair of the Grand Duchy of Luxembourg, Sky Work Airlines of Switzerland, and Tassili Airlines in Algeria – have Q400 aircraft on order.

*Bombardier and Q400 are trademarks of Bombardier Inc. or its subsidiaries.

Find information about Bombardier Aerospace that is traded on the Toronto Stock Exchange (BBD).

Read a recent press release about - Bombardier announces the launch of its CRJ1000 100-Seat regional jet, the next major step in the evolution of the CRJ Series aircraft family.


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