Bombardier and Air Cote d'Ivoire Reach Firm Purchase Agreement with Options for up to Four Q400 NextGen Aircraft
December 18 2013 - 11:19AM
Marketwired Canada
Bombardier Aerospace today announced that its purchase agreement with
Abidjan-based airline, Air Cote d'Ivoire, is now firm. The transaction, which
was announced as a conditional purchase agreement on November 18 during the
Dubai Airshow, covers two Q400 NextGen aircraft with options for an additional
two. Air Cote d'Ivoire is the national airline of Ivory Coast.
As previously announced, based on list price, the contract value for two
firm-ordered Q400 NextGen aircraft is approximately $69 million US. Should the
two options be converted to firm orders, the contract value would increase to
$141 million US.
During the Airshow, Rene Decurey, Chief Executive Officer, Air Cote d'Ivoire
said: "The dual-class-configured Q400 NextGen aircraft is ideally suited for our
market; it will support passengers' requirements and integrate well into our
fleet. We will capitalize on the Q400 NextGen aircraft's outstanding performance
- including its high speed and long-range cruise capability - as we look to
modernize our fleet and expand our domestic and regional route network.
Additionally, in West Africa, where average fuel prices are among the highest in
the world and the highest on the continent, the fast, fuel-efficient Q400
NextGen turboprop airliner is the most cost effective and flexible regional
aircraft solution for our operations."
"The Q400 NextGen aircraft is performing extremely well in Africa, where we now
have 14 customers and operators, and more than 50 aircraft in service or on
order," said Mike Arcamone, President, Bombardier Commercial Aircraft. "We are
very encouraged by our sales performance on the continent, having captured 100
per cent market share over the last two years in the 20- to 99-seat turboprop
segment.
"We're delighted to be contributing to Air Cote d'Ivoire's growth strategy, and
look forward to helping the airline launch service with its Q400 NextGen
aircraft," said Mr. Arcamone.
Bombardier's Dash 8/Q-Series turboprops and CRJ regional jets have made
significant advances in Africa to the point where these commercial aircraft now
comprise 50 per cent share of the fleet of 37- to 120-seat aircraft on the
continent, with approximately 160 aircraft in service, or on order, by more than
40 operators.
Bombardier's customer support network for commercial aircraft in Africa includes
a Regional Support Office (RSO) and spare parts depot, co-located in
Johannesburg, South Africa as well as Authorized Service Facilities in South
Africa and Ethiopia. A transitional Bombardier manufacturing facility, which
produces simple structures including flight controls for the CRJ Series aircraft
is located in Nouaceur in the Greater Casablanca region in Morocco. Construction
of a 150,000 square foot (13,935 square metre) Bombardier permanent facility in
Nouaceur began in September 2013.
Including the order announced today, Bombardier has booked 480 firm orders for
Q400 and Q400 NextGen turboprops.
About Q400 NextGen aircraft
The Q400 NextGen turboprop 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 86-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.
Worldwide, Q400 and Q400 NextGen aircraft have transported more than 295 million
passengers and have logged over 4.7 million flight hours and more than 5 million
take-offs and landings. The Q400 and Q400 NextGen aircraft program includes some
50 customers and operators in over 30 countries on five continents.
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 Q400 NextGen aircraft in Air Cote d'Ivoire's livery are posted with
this press release at www.bombardier.com.
Additional information on the Q400 NextGen aircraft is available at
www.q400nextgen.com.
Follow @Bombardier_Aero on Twitter to receive the latest news and updates from
Bombardier Aerospace.
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Bombardier, Dash 8, NextGen, Q-Series, Q400 and The Evolution of Mobility are
trademarks of Bombardier Inc. or its subsidiaries.
FOR FURTHER INFORMATION PLEASE CONTACT:
Marc Duchesne
Bombardier Commercial Aircraft
+1-416-375-3030
marc.duchesne@aero.bombardier.com
www.bombardier.com
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