Buying turboprops

Bombardier Aerospace announced yesterday that Air New Zealand has signed a $269.5 million contract to acquire 17 Bombardier Q300 50-seat turboprop aircraft.

Bombardier Aerospace announced yesterday that Air New Zealand has signed a contract to acquire 17 Bombardier Q300 50-seat turboprop aircraft. The contract includes options on an additional 10 Q300 and 13 Bombardier Q400 70-seat aircraft.

The 17 firm Q300 aircraft will be operated by Air New Zealand’s wholly owned regional airline, Air Nelson, which operates domestic services as Air New Zealand Link.

The firm orders are valued at approximately $269.5 million, which could increase to $716.0 million if all options are exercised. Deliveries will begin in 2005.

“This order further solidifies Bombardier’s dominant position in the regional aircraft market in the Asia/Pacific region,” said Steven Ridolfi, President, Bombardier Regional Aircraft.

“Airlines in 12 countries in the region operate more than 170 Bombardier regional aircraft, with more than 50 of our turboprops in Australia and New Zealand alone,” he added.