Croatia Airlines Orders Two Bombardier Q400 NextGen Airliners
TORONTO, ONTARIO--(Marketwire - September 19, 2008) - Bombardier
Aerospace announced today that Croatia Airlines of Zagreb has signed
a contract to acquire two Q400 NextGen turboprop airliners. The
airline has also taken options for an additional four aircraft. The
transaction represents the conversion of two options taken for Q400
aircraft which was announced on June 4, 2007 when Croatia Airlines
also placed a firm order for four Q400 aircraft. Two of those
aircraft have already been delivered.
Based on the list price for the Q400 NextGen aircraft, the value of
the order announced today is approximately $57 million US. The value
could increase to $180 million US if all four options are exercised.
"The Q400 aircraft is at the very top of the global airline industry
in terms of flight specifications, technological achievements and
cost-effectiveness, said Ivan Misetic, President and Chief Executive
Officer, Croatia Airlines. "We are convinced that by acquiring these
aircraft, Croatia Airlines will reaffirm its position as a regional
leader in Southeast Europe, besides contributing to connecting
Croatia with the world and expanding the Croatian economy."
"We are delighted that Croatia Airlines has placed an order for Q400
NextGen airliners so soon after the delivery of its first two Q400
aircraft earlier this year," said Gary R. Scott, President,
Bombardier Commercial Aircraft. "It's a solid vote of confidence in
these aircraft and we look forward to helping Croatia Airlines build
a stronger presence in Europe."
Including the order announced today, firm orders for Q400 and Q400
NextGen airliners now total 319, with 210 delivered as of July 31,
2008. The aircraft are in service with, or have been ordered by 25
operators around the world.
A world-leading manufacturer of innovative transportation solutions,
from commercial aircraft and business jets to rail transportation
equipment, systems and services, Bombardier Inc. is a global
corporation headquartered in Canada. Its revenues for the fiscal year
ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded
on the Toronto Stock Exchange (BBD). Bombardier is listed as an index
component to the Dow Jones Sustainability World and North America
indexes. News and information are available at www.bombardier.com.
Bombardier, Dash 8, Q400 and NextGen are trademarks of Bombardier
Inc. or its subsidiaries.
About Croatia Airlines
Croatia Airlines is the Croatian flag carrier and a Star Alliance
member. As a network carrier Croatia Airlines provides passenger
travel services on short and mid-range flights in Economy and
Business Classes within Europe. The company is trying to maximally
adjust its business to the demands of the market and the passengers
by providing a quality service which is based on safety, punctual
flights, knowing the market, and working together with established
and well-known airline companies. All detailed information can be
found at www.croatiaairlines.com
Notes to Editors
Images of Croatia Airlines Q400 NextGen aircraft are available in the
press releases section at: www.bombardier.com