News
Jazz orders 15 new Q400 Bombardier planes

Feb. 9, 2010 – Jazz Air LP recently stated it had signed a deal to buy 15
Bombardier Q400 NextGen aircraft with options for an
additional 15 aircraft.

Financial terms of the deal were not released.

Jazz, the regional partner of Air Canada, said the
74-seat turboprop aircraft will replace 15 50-sear regional jets.

The order for the new aircraft came as Jazz Air Income Fund reported a fourth-quarter profit of $20.8 million.

Operating revenue for the quarter ended Dec. 31 amounted to
$351.2 million, down from $392.7 million in the last three months of
2008.

The airline said the drop was due in part to lower pass-through
costs charged to Air Canada, a reduction in billable hours and a cut
in the mark-up charged by Jazz.