Jun 20, 2017: Bombardier Commercial Aircraft has signed an agreement with Philippine Airlines, Inc., the flag carrier of the Philippines at the 2017 Paris Show for the exercise of its seven Q400 aircraft purchase rights. This newest rights exercise brings Philippine Airlines’ total firm order to twelve Q400 aircraft. The original order for five firm Q400 with purchase rights for a further seven was previously announced on December 8, 2016.
Based on the list price of the Q400 aircraft, the firm order is valued at approximately US $ 235 million. Philippine Airlines is expected to take delivery of the 86-seat Q400 aircraft in July 2017.
“The Q400 aircraft have helped airlines around the world expand their networks, and capture new opportunities” said Fred Cromer, President, Bombardier Commercial Aircraft. “We are delighted that Philippine Airlines is growing its fleet with more Q400 aircraft, and are confident that the airline will benefit from the aircraft’s outstanding economics and performance.”
“As we position ourselves for growth, we are pleased to be adding more Q400 to our fleet,” said Jaime J. Bautista, president & chief operating officer, Philippine Airlines. “We are thrilled about the opportunities that lie ahead, and we look forward to offering more capacity and improving connectivity in the region with comfortable, fast and efficient regional aircraft like Bombardier’s 86-seat turboprops.”
Including this latest order, Bombardier has now recorded a total of 585 Q400 aircraft on firm order.