announced recently that Seattle, Washington-based Horizon Air has signed a contract to acquire 12 Q400 turboprop airliners.
The transaction includes the conversion to Q400 aircraft of seven firm orders currently held by Horizon Air for the CRJ700 regional jet, plus five incremental orders for the Q400 turboprop.
The revised contract is valued at approximately $294 million at list price. Deliveries of the Q400 aircraft from this order are scheduled to commence in the fourth quarter of 2006. Delivery of the one remaining CRJ700 from Horizon Air's previous order is scheduled for the first quarter of 2006.
Horizon Air currently operates 18 Q400 aircraft. The airline also operates 19 CRJ700 jets, of which nine are flying as Frontier JetExpress on behalf of Frontier Airlines.
The firm order book for the Q400 airliner now stands at 163 aircraft. As of September 30, 2005 104 Q400 aircraft had been delivered to 12 operators in North America, Europe and the Asia Pacific region.