Bombardier Sells 10 Q400 Turboprops to Frontier Airlines
Toronto (BOMBARDIER) - Bombardier Aerospace announced today that Frontier Airlines of Denver, Colorado has signed a contract to acquire 10 Bombardier Q400 74-seat airliners. The contract includes options on 10 additional Q400 aircraft.
The value of the firm orders based on list price is $256.8 million US. The value could rise to $520.3 million US if the 10 options are exercised.
The Q400 aircraft is the airline's first turboprop. Frontier operates 280 flights a day to 57 destinations in the U.S., Canada and Mexico, some of which are flown by Horizon Air as Frontier JetExpress using Bombardier CRJ700 regional jets.
"Only the Bombardier Q400 aircraft has the very low operating costs and operational characteristics that we require to develop new flying from our hub in Denver to points in Colorado and surrounding states," said Jeff Potter, President and Chief Executive Officer, Frontier Airlines. "The aircraft's high cruise speed and excellent passenger comfort complete an extremely attractive package. Judging from the experience of other Q400 operators, our passengers are going to enjoy flying in this aircraft."
"We are delighted that Frontier Airlines has recognized the superb qualities of the Bombardier Q400," said Steven Ridolfi, President, Bombardier Regional Aircraft. "This aircraft is in a class by itself. There is no other regional aircraft that comes close to matching its low operating costs and we look forward to supporting Frontier's future growth."
Frontier Airlines becomes the 18th operator to order the Bombardier Q400. Firm orders stood at 185 aircraft as of July 31, 2006, with 125 having been delivered.
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