Porter Airlines Signs Purchase Agreement for up to 30 Bombardier CS100 Aircraft; Becomes CSeries Aircraft's Canadian Launch Custom

Wed Apr 10, 2013 11:00am EDT

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

  TORONTO, ONTARIO, Apr 10 (Marketwired) --
Bombardier Aerospace announced today that Porter Airlines has signed a
conditional purchase agreement for 12 CS100 airliners, with options for
an additional 18 CS100 aircraft. The agreement also includes purchase
rights on six Q400 NextGen aircraft. The parties also disclosed that
Porter Airlines is the unidentified, Americas-based customer that signed
a Letter of Intent (LOI) for CS100 aircraft as announced by Bombardier in
December 2012.

    Today's announcement was made at Porter Airlines' home base at Billy
Bishop Toronto City Airport, where alongside Bombardier, they also
unveiled the CSeries aircraft flight deck and cabin demonstrator that
will be on private display at Porter's facility during the month of April
2013. 

    Based on the list price of the CS100 airliner, a firm-order contract
would be valued at approximately $870 million US and could increase to
$2.08 billion US should the 18 options also be converted to firm orders.
Should Porter also exercise the six purchase rights for Q400 NextGen
aircraft, the contract value would increase to $2.29 billion US. 

    "Following an in-depth analysis of existing and re-engined aircraft, we
have selected the all-new CS100 airliner for its flexibility and
suitability for urban operations, including outstanding fuel efficiency
and short airfield performance, as well as reduced sound and emissions,"
said Robert Deluce, President and Chief Executive Officer, Porter
Airlines. "The aircraft fits perfectly into our business plans and growth
strategy and we are also proud to be the Canadian launch customer for
Bombardier's CSeries aircraft. We look forward to expanding our network
with an all-Bombardier fleet of CS100 jetliners and Q400 turboprops -
promoting greener, quieter flying."

    "Porter Airlines' selection of the game-changing CS100 jetliner for its
operations is a compliment to the CSeries aircraft program and the
flexibility of this aircraft and the missions it can perform. As an
award-winning airline, Porter is widely recognized for its unique
operations, as well as the refined service it provides and we are
thrilled that Porter continues to look to Bombardier aircraft for its
growth requirements," said Mike Arcamone, President, Bombardier
Commercial Aircraft. "The worldwide momentum of interest for the CSeries
aircraft program continues to grow and we are pleased that customers in
both our traditional and growth markets are exploring opportunities and
centering business cases around the use of Bombardier's CSeries jetliners
and pairing them with their Q400 aircraft operation. We look forward to
seeing the technologically advanced CS100 aircraft take to the skies in
Canada and its neighbouring regions alongside Porter's existing fleet of
26 Q400 aircraft." 

    "We're delighted about this agreement between Porter Airlines and
Bombardier as it represents the first Canadian operator to select the
PurePower(R) family of engines and also extends the strong relationship
amongst Porter, Bombardier and Pratt & Whitney," said Todd Kallman,
President, Pratt & Whitney Commercial Engines. "In addition to
double-digit reductions in fuel consumption and engine operating cost,
our PurePower engine generates a noise footprint that is up to four times
smaller than today's jet engine-powered aircraft, which benefits both
travelers and airport communities." 

    CSeries aircraft development program 

    The first CSeries flight test vehicle (FTV1) is in its final stages of
build and is progressing towards the transfer to the flight test phase
following the completion of the full powering up of the main electrical
distribution system in March 2013. The CSeries aircraft is moving closer
to obtaining the safety-of-flight permit following the successful
completion of the critical series of structural and system tests. The
fly-by-wire system testing continues and to date, tests have shown
results as expected. As for the assembly of the other flight test
vehicles: systems installations are being completed on FTV2; the wings
are being mated on FTV3; and the fuselage on FTV4 has entered into the
assembly stage - all of which are advancing to schedule. 

    Flight deck and cabin demonstrator 

    Bombardier's flight deck and cabin demonstrator for the CSeries airliner
will be on private display at the Billy Bishop Toronto City Airport from
April 10 to April 30, 2013. Media requests to visit the demonstrator
should be submitted to 416-375-3030. 

    The CSeries aircraft flight deck features a number of technologically
advanced communication and navigation aids and benefits from the latest
avionics. The integrated design approach sets a new standard and offers
reduced costs through increased operational efficiency and reduced pilot
training, while improving reliability. The result is a finely tuned
human-machine interface, which the demonstrator allows visitors to fully
experience.

    The CSeries family of aircraft's spacious seating, increased shoulder
space, extra-large windows, latest-generation LED lighting and upsized,
overhead storage will deliver a new level of widebody-style comfort in
single-aisle aircraft. 

    The cabin demonstrator, representing the latest look and feel of the
CSeries aircraft interior configuration, features a business class
section, an array of economy seats at various seat pitches, and a variety
of optional in-flight video displays. 

    CSeries aircraft 

    Designed for the growing 100- to 149-seat market, the 100 per cent new
CSeries aircraft family combines advanced materials, leading-edge
technology and proven methods to meet commercial airline requirements in
2013 and beyond. Powered by Pratt & Whitney PurePower PW1500G engines,
the CSeries aircraft family will offer a 15(i) per cent cash operating
cost advantage and a 20(i) per cent fuel burn advantage. With the extra
capacity seating option, the CS300 aircraft's productivity further
improves, offering airlines an average of four(i) per cent additional
cash operating cost advantage per seat. The CSeries aircraft's
clean-sheet design is ensuring that the aircraft will achieve greatly
reduced noise and emissions, as well as superior operational flexibility,
exceptional airfield performance and a range of 2,950 NM (5,463 km)(i).
The CSeries aircraft will be up to 12,000 lbs. (5,443 kg)(i) lighter than
other aircraft in the same seat category and will provide passengers with
a best-in-class, widebody cabin environment in a single-aisle aircraft. 

    As of December 31, 2012, Bombardier had booked orders and commitments for
382 CSeries aircraft, which include firm orders for 148 CSeries
airliners. 

    About Porter Airlines 

    Porter Airlines has revolutionized short-haul flying with a warm and
effortless approach to hospitality, restoring glamour and refinement to
air travel. Porter is an Official 4 Star Airline(R) in the World Airline
Star Rating(R) by Skytrax, and rated second in the world in Conde Nast
Traveler's Readers Choice Awards Top Small Airlines category. 

    The airline currently offers flights to Toronto, Ottawa, Montreal, Quebec
City, Moncton, Halifax, St. John's, Thunder Bay, Sault Ste. Marie,
Sudbury, Timmins, Windsor, New York (Newark), Chicago (Midway), Boston,
Washington (Dulles) and has seasonal flights to Mt. Tremblant, Que.,
Myrtle Beach, S.C., and Burlington, Vt. Visit www.flyporter.com or call
(888) 619-8622 for more information. 

    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
@Bombardier. 

    Notes to editors 

    Images of CS100 aircraft in Porter Airlines' livery are posted with this
release in the press releases section at www.bombardier.com. 

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

    (i) The CSeries aircraft are in the development phase. All data and
specifications are estimates, subject to changes in family strategy,
branding, capacity and performance during the development, manufacture
and certification process. All performance references have been estimated
based on a 500-nm North American operating environment and comparisons
are to in-production aircraft. 

    PurePower (R) is a registered trademark of United Technologies Corp. -
Pratt & Whitney. 

    Bombardier, CS100, CSeries, NextGen, Q400 and The Evolution of Mobility
are trademarks of Bombardier Inc. or its subsidiaries. 

Contacts:
Marc Duchesne
Bombardier Commercial Aircraft
+1-416-375-3030
marc.duchesne@aero.bombardier.com
www.bombardier.com

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