Bombardier receives Letter of Intent for 10 Q400 airliners

Bombardier Aerospace announced yesterday that Regional Airlines Holdings of Toronto has signed a Letter of Intent to acquire 10 Bombardier Q400 airliners.

Bombardier Aerospace announced yesterday that Regional Airlines Holdings, (REGCO) of Toronto has signed a Letter of Intent (LOI) to acquire ten 68-to-78 passenger Bombardier Q400 airliners. Options have also been taken on an additional 15 Q400 aircraft.

The LOI was signed by REGCO president and Chief Executive Officer Robert Deluce during a brief ceremony at the Bombardier de Havilland facility attended by Pierre Beaudoin, president and Chief Operating Officer of Bombardier Aerospace.

Regional Airlines Holdings plans to service 17 cities in Québec, Ontario, six US states and the District of Columbia from a base at Toronto’s City Centre Airport. All are within 90 minutes flying time, or 500 nm (925 km).

‘The Bombardier Q400 is simply the best aircraft for the service we are going to provide to our passengers,’ said Mr. Deluce. ‘Its speed is comparable to that of a jet, and Bombardier’s Noise and Vibration Suppression (NVS) system makes the passenger cabin quieter than that in some jets.’

The Bombardier Q400 order book, including options and conditional orders, totals 189 aircraft with 71 delivered and in operation as of February 28, 2003 with eleven customers throughout North America, Europe and the Asia/Pacific region.