Bombardier Aerospace announced today that Croatia Airlines of Zagreb has signed a contract to acquire two Q400 NextGen turboprop airliners. The airline has also taken options for an additional four aircraft. The transaction represents the conversion of two options taken for Q400 aircraft which was announced on June 4, 2007 when Croatia Airlines also placed a firm order for four Q400 aircraft. Two of those aircraft have already been delivered.
Based on the list price for the Q400 NextGen aircraft, the value of the order announced today is approximately $57 million US. The value could increase to $180 million US if all four options are exercised.
“The Q400 aircraft is at the very top of the global airline industry in terms of flight specifications, technological achievements and cost-effectiveness, said Ivan MišetiÄ, President and Chief Executive Officer, Croatia Airlines. “We are convinced that by acquiring these aircraft, Croatia Airlines will reaffirm its position as a regional leader in Southeast Europe, besides contributing to connecting Croatia with the world and expanding the Croatian economy.”
“We are delighted that Croatia Airlines has placed an order for Q400 NextGen airliners so soon after the delivery of its first two Q400 aircraft earlier this year,” said Gary R. Scott, President, Bombardier Commercial Aircraft. “It’s a solid vote of confidence in these aircraft and we look forward to helping Croatia Airlines build a stronger presence in Europe.”
Including the order announced today, firm orders for Q400 and Q400 NextGen airliners now total 319, with 210 delivered as of July 31, 2008. The aircraft are in service with, or have been ordered by 25 operators around the world.
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.
Bombardier, Dash 8, Q400 and NextGen are trademarks of Bombardier Inc. or its subsidiaries.
About Croatia Airlines
Croatia Airlines is the Croatian flag carrier and a Star Alliance member. As a network carrier Croatia Airlines provides passenger travel services on short and mid-range flights in Economy and Business Classes within Europe. The company is trying to maximally adjust its business to the demands of the market and the passengers by providing a quality service which is based on safety, punctual flights, knowing the market, and working together with established and well-known airline companies. All detailed information can be found at www.croatiaairlines.com
Notes to Editors
Images of Croatia Airlines Q400 NextGen aircraft are available in the press releases section at: www.bombardier.com