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Colgan Air, Inc. orders 15 Bombardier Q400 Nextgens

Jan. 16, 2009, Toronto - Bombardier Aerospace announced yesterday that Colgan Air, Inc. has signed a firm order to acquire 15 Q400 NextGen turboprop airliners.


January 16, 2009
By Carey Fredericks

Jan. 16, 2009, Toronto – Bombardier Aerospace
announced yesterday that Colgan Air, Inc., a wholly owned subsidiary of
Pinnacle Airlines Corp., has signed a firm order to acquire 15 Q400
NextGen turboprop airliners. The transaction involves the conversion to
firm orders of 10 conditional orders and the exercise of five options
placed by Pinnacle in 2007. Colgan Air's operations are based in
Manassas, Virginia.

Based on the list price of the Q400 NextGen aircraft, the contract is valued at approximately $432 million U.S.

"This order is further validation that the Q400 NextGen aircraft is
building on the market place success of the original Q400 airliner,"
said Gary R. Scott, President, Bombardier Commercial Aircraft. "The new
interiors coupled with the already popular Active Noise and Vibration
Suppression (ANVS) system makes the Q400 NextGen aircraft an extremely
attractive package."

The order announced today increases firm orders for Q400/Q400 NextGen
aircraft to 346, with 219 delivered as of October 31, 2008. Orders for
Q400 NextGen airliners account for 49 of the total.