Leasing Company Places Five Firm Orders And Holds 10 Options

A firm purchase agreement for five Q400 NextGen aircraft has been signed between Bombardier and lessor GE Capital Aviation Services (GECAS) valued at approximately $160 million. At the same time, GECAS took options on 10 additional aircraft, which could push the value of the order to $448 million if all options are exercised.

"As we continue to grow our leasing fleet, we are pleased to be adding up to 15 more Q400 NextGen aircraft," said Norman C.T. Liu, President and CEO, GECAS. "We have seen a growing demand for turboprop aircraft worldwide and the Q400 NextGen aircraft is ideally positioned to meet the needs of regional airlines now and in the future. Our customers value the performance, operating efficiency, and flexibility that this aircraft provides."

"We are delighted that GECAS has chosen to acquire additional Q400 NextGen aircraft," said Mike Arcamone, President, Bombardier Commercial Aircraft. "With the world's largest leased commercial aircraft fleet, GECAS' continued acquisition of the Q400 NextGen turboprop is a strong endorsement of the value, in-service performance and reliability the aircraft provides."

(Image from file)

FMI: www.bombardier.com