England's Flybe Also Takes 15 Options

Bombardier Aerospace announced that Exeter, England-based Flybe has signed a contract to acquire 15 additional Bombardier Q400 turboprop airliners. In addition, Flybe has taken options on 15 Q400 aircraft.

The value of the firm orders, based on the list price of the Q400 aircraft is approximately $394 million US. Flybe is already the operator of the world’s largest Q400 fleet; deliveries of the 15 firm-ordered aircraft, along with those previously ordered, will increase the fleet to 60 aircraft.

"The introduction of the Bombardier Q400 aircraft has played a key role in the turn-around of the business due to its customer appeal and economics," said Jim French, Chairman and Chief Executive Officer, Flybe. "For the future though, most importantly its environmental credentials are exceptional. It is one of the quietest and most effective aircraft, ideally suited for the regional markets of the world."

Flybe became Europe’s largest regional airline on March 5, 2007 when it acquired BA Connect from British Airways. With that acquisition, Flybe will operate 152 routes from 22 airports in the UK and 34 in Europe.

"Very low operating costs, jet-like speed and a spacious, quiet and comfortable cabin distinguish the Bombardier Q400 from the competition," said Steven Ridolfi, President, Bombardier Regional Aircraft. "We are delighted that Flybe will continue to grow their fleet with the Q400 airliner."

The transaction announced Tuesday increases firm orders for the Q400 aircraft to 245. As of January 31, 2007, Bombardier had delivered 143 of Q400 airliners to operators in Africa, the Asia Pacific region, Europe, the Middle East and North America.

FMI: www.bombardier.com, www.flybe.com