FlyBE places $485 million Q400 order

Bombardier Aerospace announced today that UK-based low cost airline, FlyBE, has placed a $485 million for 20 Bombardier Q400 high-speed turboprop airliners.

Bombardier Aerospace announced today that UK-based low cost airline, FlyBE, has placed a firm order for 20 additional Bombardier Q400 high-speed turboprop airliners. The deal, valued at approximately $485 million, is the airline’s single biggest investment in the company’s history.

Following the previous announcement of 17 firm Q400 orders by FlyBE in April 2003, this latest addition will increase FlyBE’s current fleet of Q400s to 41 aircraft in total, making FlyBE the world’s largest operator of Q400s.

“The versatility of the Bombardier Q400 makes it a great aircraft for FlyBE,” commented FlyBE Managing Director, Jim French. “It is also very economical to run and will be a key strategic weapon for FlyBE, in what is a very competitive marketplace.”

Today’s announcement increases firm orders for the Bombardier Q400 to 141 aircraft. As of December 31, 2004, 88 had been delivered to 10 operators in North America, Europe and the Asia/Pacific region.