Bombardier Aerospace announced today that REGCO Holdings of Toronto has signed a contract to acquire ten 70-seat Bombardier Q400 high-speed turboprop airliners and take options on an additional ten aircraft.
The list price value for the ten aircraft on firm order is approximately $250 million. The contract has a potential list price value of approximately $500 million if all ten options are exercised.
“This extraordinary regional aircraft has led a resurgence in turboprop travel around the world,” said Steven Ridolfi, President, Bombardier Regional Aircraft. “It has everything: jet-like speed, quiet comfort, environmental friendliness, low fuel burn, and the lowest operating costs of any regional aircraft. There is no other turboprop that can compete with the Q400 aircraft in this arena.”
The 360-knot (667 km/h) cruise speed and capacity of the Q400 provides airlines with greater revenue-generating opportunities in both traditional and low cost markets and extends an airline’s reach well beyond traditional turboprop markets.
The order announced today increases Q400 firm orders to 175 aircraft. As of December 31, 2005, 106 had been delivered to operators in North America, Asia, Europe and the Middle East.