TORONTO, ONTARIO--(Marketwire) - Bombardier Aerospace announced today that Warsaw-based Eurolot has converted options on six Q400 NextGen airliners to a firm order that will increase its fleet to 14 Q400 NextGen aircraft.
Based on the list price of the Q400 NextGen airliner, the transaction announced today is valued at approximately $190 million US.
Eurolot's firm order for eight Q400 NextGen airliners with 12 options was announced on March 9, 2012, and delivery of the first aircraft was announced on May 17, 2012.
As previously announced, Eurolot has joined Bombardier Commercial Aircraft's Smart Parts Program for the Q400 aircraft. The Smart Parts Program is customized to an airline's specific operational and dispatch reliability requirements and provides the airline with competitive and predictable advanced component exchange and repair costs, as well as superior availability of key components.
"Our fleet renewal program and route expansion are proceeding very well with Bombardier's Q400 NextGen aircraft," said Mariusz Dabrowski, President and Chief Executive Officer, Eurolot. "The very competitive operating costs of the aircraft will benefit further from the Smart Parts Program."
"We are grateful for Eurolot's continuing confidence in our Q400 NextGen aircraft program," said Mike Arcamone, President, Bombardier Commercial Aircraft. "This order and others placed recently are evidence that the Q400 NextGen aircraft is the right airplane for today's extremely tough marketplace. Some 15 new operators and leasing companies have joined the Q400 aircraft family since 2010, with five having acquired or ordered their aircraft this year. This growth, which has resulted in more than 40 operators worldwide, is indicative of the outstanding operational flexibility, fuel efficiency and performance capability of our new-generation Q400 turboprop."
Including the transaction announced today, Bombardier has booked firm orders for 460 Q400 and Q400 NextGen turboprops, and delivered aircraft are in service with more than 40 operators in 33 countries, on six continents. These aircraft have transported more than 227 million passengers and have logged more than 3.5 million flight hours and over 3.8 million take-offs and landings.
About Q400 NextGen aircraft
The Q400 NextGen turboprop airliner, which is built at Bombardier's Toronto, Ontario facility, is the most recent development in the evolution of the Q400 aircraft, and the advanced successor to Bombardier's Dash 8/Q-Series family of aircraft. Optimized for short-haul operations, the "comfortably greener," 70- to 80-seat Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides an ideal balance of passenger comfort and operating economics with a reduced environmental footprint.
The Q400 airliner was designed to meet the requirements of contemporary regional air transport, characterized by both turboprop and jet missions. Setting new environmental standards, the Q400 aircraft uses 30 to 40 per cent less fuel and produces 30 to 40 per cent fewer emissions on routes where it has replaced similar-capacity, older jets. The Q400 aircraft's maximum cruise speed of 360 knots lets the aircraft fly on demand-driven interchangeable schedules with jets. However, the Q400 aircraft can slow down to achieve fuel parity with other turboprops on a per-seat basis, while still maintaining both speed and cost advantages.
The Q400 NextGen aircraft features an enhanced cabin environment with the introduction of LED lighting, new ceiling panels, dished window sidewalls and larger overhead luggage bins. These features, combined with the aircraft's Active Noise and Vibration Suppression (ANVS) system, provide an excellent cabin experience for passengers.
Eurolot is one of the most dynamically developing airlines in Central Europe - the company was founded in 1996 and since then has operated flights for PLL LOT. On July 1, 2011, the airline launched its own brand and flights between major regional airports in Poland. In summer 2012, Eurolot launched new international connections to as many as 16 new destinations, including Germany, Holland, Italy, and Croatia.
For further information, please visit www.eurolot.com
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Notes to editors
Images of Q400 NextGen aircraft in Eurolot's livery are posted with this press release at: www.bombardier.com. Additional information on the Q400 NextGen aircraft is available at: www.q400nextgen.com.
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Active Noise and Vibration Suppression, Bombardier, Dash 8, NextGen, Q400, Q-Series, Smart Parts and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.