European Airline Orders 10 Bombardier Q400 Turboprops

Released on Tuesday, October 23, 2007

Bombardier Aerospace announced today that it has received a signed firm order for 10 Bombardier Q400 high-speed turboprop airliners. The transaction also includes options on 10 additional Q400 airliners. The European airline which placed the order will become a new operator of the Q400 airliner, and has requested to remain unidentified at this time.

The value of the 10 firm orders, based on the list price for the Q400 aircraft, is approximately $267 million US. If all 10 options are exercised, the contract value would be approximately $540 million US.

"Since it entered revenue service seven years ago, the Q400 aircraft has established itself as the benchmark in turboprop travel," said Steven Ridolfi, President, Bombardier Regional Aircraft. "No other regional aircraft can match the Q400 airliner's outstanding performance and economics."

The order announced today brings total firm orders for the Q400 airliner to 264 with 164 delivered as of July 31, 2007. The Q400 airliner is now in service with, or has been ordered by 23 airlines and other operators in Africa, the Asia-Pacific region, Europe and North America.