Exercising options

Bombardier Aerospace announced recently that Austrian Airlines has placed a $42.2 million order for two Bombardier Q400 turboprop airliners to expand its 70-seat fleet.

Bombardier Aerospace announced recently that Austrian Airlines has ordered two additional Bombardier Q400 turboprop airliners to expand its 70-seat fleet.

The transaction, valued at an estimated $42.2 million, represents the conversion of two options into a firm order. Deliveries are scheduled for the first and second quarter of 2005. The carrier retains options on two Bombardier Q400 aircraft.

The aircraft will fly under the new Austrian arrows banner operated by Tyrolean Airways, a wholly owned unit of Austrian Airlines Group. The Austrian arrows fleet currently includes eight Bombardier Q400 airliners, 12 Bombardier 50-seat Q300 turboprops, 13 Bombardier 50-seat CRJ 200 regional jets and 6 Fokker 70 jets.

The Bombardier Q400 order book, including 101 firm orders, as well as options and conditional orders now stands at 193 aircraft. As at October 31st, 2003, 77 Q400 aircraft had been delivered to 11 customers throughout North America, Europe and the Asia/Pacific region.