Danish Leasing Company Nordic Aviation Capital Orders Four Bombardier Q400 NextGen Airliners

Thu Mar 28, 2013 1:25pm EDT

* Reuters is not responsible for the content in this press release.

Bombardier Aerospace announced today that Nordic Aviation Capital A/S
(NAC) of Billund, Denmark has signed a firm purchase agreement to acquire
four Q400 NextGen airliners.

    Based on the list price of the Q400 NextGen airliner, the contract is
valued at approximately $134.77 million US.

    The four aircraft will be operated by airBaltic of Riga, Latvia and will
join eight Q400 NextGen airliners ordered directly from Bombardier as the
airline transitions to an all-Bombardier fleet. 

    Other recent transactions undertaken by NAC and involving Bombardier's
commercial aircraft include: the sale and leaseback of 10 Q400 aircraft
to Marfin Investment Group for operation by Olympic Air; the sale and
leaseback of eight Q400 NextGen airliners delivered to Eurolot of Poland;
and the purchase of 12 CRJ1000 NextGen regional jets to be operated by
Garuda Indonesia. 

    "We are delighted to be expanding our portfolio with additional
high-quality, Bombardier-manufactured Q400 NextGen aircraft," said Kim
Graven-Nielsen, Chief Executive Officer, Nordic Aviation Capital. "For
over 20 years, we have been successfully partnering with our clients to
place assets such as these into their networks. Our knowledge and
experience continue to position us exceedingly well to offer a diverse
range of aircraft leasing solutions, including sale and leaseback,
operating leases and finance leases."

    "The continued industry support from NAC is further evidence that leasing
companies recognize the superb in-flight performance and reliability of
the Q400 NextGen turboprop and CRJ1000 NextGen regional jetliner," said
Mike Arcamone, President, Bombardier Commercial Aircraft. "We look
forward to increased activity involving the aircraft leasing community as
we strive to help our customers meet their business goals in a
challenging economic environment."

    In December 2012, airBaltic announced it was in the process of
transitioning to an all-Bombardier fleet of CSeries and Q400 NextGen
aircraft. The airline has placed a firm order for 10 CS300 aircraft and
holds purchase rights on a further 10 CS300 airliners. These aircraft
will replace older-generation 50-, 120- and 144-seat jet and turboprop

    "The Q400 NextGen turboprop is an excellent aircraft, and we are
delighted to continue our transition to an all-Bombardier fleet," said
Martin Gauss, Chief Executive Officer, airBaltic. 

    Including the transaction announced today, Bombardier has recorded firm
orders for 467 Q400 and Q400 NextGen aircraft. Delivered aircraft are in
service with more than 40 operators in over 30 countries, on five
continents. These aircraft have transported more than 243 million
passengers and have logged more than 3.8 million flight hours and over
4.1 million take-offs and landings.

    About Q400 NextGen aircraft

    The Q400 NextGen turboprop, which is built at Bombardier's Toronto,
Ontario facility, is the most recent development in the evolution of the
Q400 aircraft and the advanced successor to Bombardier's Dash 8/Q-Series
family of aircraft. Optimized for short-haul operations, the "comfortably
greener," 70- to 80-seat Q400 NextGen aircraft is a large, fast, quiet
and fuel-efficient turboprop. It provides an ideal balance of passenger
comfort and operating economics with a reduced environmental footprint.

    About Bombardier

    Bombardier is the world's only manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and
enjoyable transportation everywhere. Our vehicles, services and, most of
all, our employees are what make us a global leader in transportation.

    Bombardier is headquartered in Montreal, Canada. Our shares are traded on
the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones
Sustainability World and North America Indexes. In the fiscal year ended
December 31, 2012, we posted revenues of $16.8 billion. News and
information are available at bombardier.com or follow us on Twitter

    Notes to editors

    Images of Q400 NextGen aircraft in airBaltic's livery are posted with
this press release at: www.bombardier.com. 

    Additional information on the Q400 NextGen aircraft is available at:

    Follow @Bombardier_Aero on Twitter to receive the latest news and updates
from Bombardier Aerospace.

    Bombardier, CRJ1000, CS300, CSeries, Dash 8, NextGen, Q400, Q-Series and
The Evolution of Mobility are trademarks of Bombardier Inc. or its

Marc Duchesne
Bombardier Commercial Aircraft

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