TORONTO -- (MARKET WIRE) -- July 18, 2006 -- Bombardier Aerospace announced today that Horizon Air of Seattle, Washington has placed a firm order for a Bombardier Q400 high-speed turboprop airliner. The order represents the conversion of an option.
The value of the contract based on list price is approximately $25.4 million US.
Horizon Air has now ordered a total of 31 Q400 aircraft, as well as 28 Q200 turboprops and 20 CRJ700 regional jets from Bombardier Aerospace. The airline has also acquired two additional previously owned Q400 aircraft from Hainan Airlines.
"This additional Q400 airliner will help strengthen our presence in our traditional markets and increase the proportion of larger, younger and more fuel-efficient aircraft in our fleet," said Jeff Pinneo, President and Chief Executive Officer, Horizon Air.
"Horizon Air is an example of how an airline can reduce its operating costs with the right combination of jets and turboprops. Only Bombardier offers state-of-the-art technologies in both regional aircraft types," said Steven Ridolfi, President, Bombardier Regional Aircraft.
As of April 30, 2006 Bombardier had received firm orders for a total of 177 Q400 aircraft with 118 delivered to operators around the world.
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, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
Bombardier, Q200, Q400 and CRJ700 are trademarks of Bombardier Inc. or its subsidiaries.
Notes to Editors
Images of Horizon Air Q400 aircraft, including one painted to celebrate Horizon's upcoming 25th anniversary, are available in our Multimedia Library at: www.aero.bombardier.com/htmen/F15.jsp
Contacts: Bombardier Aerospace Bert Cruickshank (416) 375-3030 www.bombardier.com