Porter Airlines exercises options on two Bombardier Q400s
March 3, 2008, Toronto - Porter Airlines exercised existing options for two Bombardier Aerospace Q400 aircraft.
March 3, 2008, Toronto – Porter Airlines exercised existing options for two Bombardier Aerospace Q400 aircraft. The order represents aircraft 11 and 12 in the Porter fleet and is scheduled for delivery in early 2009.
Porter’s initial 10 firm, 10 option Q400 order is valued at over $500 million US. Six aircraft are delivered and in service, with four more expected by the end of 2008.
“Porter is in a strong financial position and is poised for further growth to new markets as demonstrated by the exercising of these two options,” said Robert Deluce, president and CEO of Porter Airlines. “The Q400 has performed fantastically for us and it remains a key part of Porter’s expansion plans.”
“Porter continues to be a valued Bombardier customer, providing the opportunity to showcase the Q400’s Canadian engineering, design and manufacturing standards right here in Canada,” said Steven Ridolfi, president of Bombardier Regional Aircraft.
Porter operates a 70-seat version of the Q400, one of the most fuel-efficient aircraft in its class, burning less fuel per seat than most regional and narrow-body jets. With leather seating, extended legroom and a 667 km/h cruising speed, the Q400 sets new standards for comfort, fuel efficiency and low emissions.