Airline announces significant investment for QantasLink, subject to final agreement
Qantas Airways announced in a news release issued today that it is finalizing an agreement with Bombardier Aerospace that will see up to 36 Bombardier Q400 turboprop aircraft added to the QantasLink regional airline operation in Australia. The agreement is expected to include firm orders for 12 Q400 aircraft and options and purchase rights for an additional 24, subject to signature of the formal agreement.
Geoff Dixon, Chief Executive Officer, Qantas, said the 72-seat Q400 aircraft, which offers jet-like speed, improved passenger comfort and lower operating costs, was central to QantasLink’s growth strategy. QantasLink expects to utilize the new aircraft to increase capacity and frequency on key routes. The airline currently operates seven Q400 aircraft and another two ordered in January 2007 are to be delivered in January 2008.
“Qantas’ selection of the Q400 airliner to meet their growth requirements is further evidence of the aircraft’s outstanding performance and economics,” said Steven Ridolfi, President, Bombardier Regional Aircraft. “We are grateful for Qantas’ continuing confidence in the Q400 aircraft.”
To date, Bombardier has received firm orders for 254 Q400 airliners with 164 having been delivered as of July 31, 2007.
A world-leading manufacturer of innovative transportation solutions, from regional 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, 2007, were $14.8 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 and Q400 are trademarks of Bombardier Inc. or its subsidiaries.