Market Overview

Alaska Air Group Orders Three Bombardier Q400 NextGen Turboprop Airliners

Horizon Air cements its standing as laBombardier (OTC: BRBDF) Aerospace announced today that Seattle-based Horizon Air has signed a firm contract to acquire three 76-seat Bombardier Q400 NextGen turboprop airliners. The transaction represents the conversion of three previously booked options on the aircraft. The airline also reconfirmed its options on another seven Q400 NextGen aircraft.

(Photo:  http://photos.prnewswire.com/prnh/20130618/SF33819)

Based on the list price of the Q400 NextGen aircraft, the contract announced today is valued at approximately $98 million US.

The three new aircraft will increase Horizon Air's orders for Q400 and Q400 NextGen airliners to 51 aircraft – the world's largest fleet. Including the order announced today, Horizon Air has ordered a total of 100 Bombardier Dash 8/Q-Series aircraft since 1985.

"This aircraft order represents a significant milestone for Horizon and our employees, who have dedicated themselves to transforming our business and enabled us to grow," said Glenn Johnson, Horizon Air President. "The addition of these three Q400 NextGen aircraft will allow us to venture into the state of Alaska, which

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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