March 28, 2013 - 01:25:12 PM
Danish Leasing Company Nordic Aviation Capital Orders Four Bombardier Q400
TORONTO, ONTARIO--(Marketwire - March 28, 2013) - 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
"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
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 aircraft.
"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
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.
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 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, CRJ1000, CS300, CSeries, Dash 8, NextGen, Q400, Q-Series and The
Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bombardier Commercial Aircraft