Island Air signs purchase agreement for two Q400s
April 1, 2014, Toronto - Bombardier Aerospace has announced that Hawaii Island Air, Inc. has placed a firm order for two Q400 NextGen turboprop airliners and has also taken options for four additional Q400 NextGen aircraft.
Based on the list price of the Q400 NextGen airliner, the firm order is valued at approximately $60.9 million US. The value could increase to $188 million US should Island Air exercise all its options.
"As part of our ongoing restructuring and expansion strategy, the Island Air team considered a number of aircraft and we are pleased to announce the selection of the Q400 NextGen turboprop. With its superior speed, performance and fuel efficiency; outstanding operational flexibility; and market-leading passenger comfort, the Q400 NextGen aircraft is the optimal solution for our needs," said Paul Casey, President and Chief Executive Officer, Island Air.
"We are pleased to partner with Bombardier as Island Air moves to redefine regional travel within the Hawaiian Islands and offer our passengers the premium product they expect. The Q400 NextGen aircraft is clearly the most suitable airliner for Island Air and will provide a superior passenger experience coupled with unbeatable performance. My experience with Bombardier over the years has been nothing but positive which has further led to our selection of the Q400 NextGen aircraft for the next chapter of Island Air," said Island Air's owner, Larry Ellison.
"We are proud to welcome Island Air back to the Bombardier family and we are excited to see the Q400 NextGen airliner take to Hawaiian skies," said Ryan DeBrusk, Regional Vice President, Sales, Americas, Bombardier Commercial Aircraft. "The Q400 NextGen aircraft with its superior passenger comfort and market-leading performance characteristics will serve Island Air well as it embarks on its re-fleeting strategy."
"The Q400 NextGen aircraft is designed to respond to the needs of an evolving market and our growing customer base shows that the aircraft is creating excellent value for operators and meeting a wide variety of business requirements. This operational flexibility maximizes the profit potential of the aircraft and positions it well ahead of competitive aircraft," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "I'm delighted that Island Air has chosen to re-join the Bombardier family and I wish the airline much success in its future ventures." Island Air currently offers flights to and from the islands of Oahu, Maui, Lanai and Kauai.