Smart Aviation orders two Q400s
August 30, 2010, Toronto - Bombardier Aerospace announced today that Smart Aviation Company of Cairo, Egypt has signed a firm order to acquire two Q400 NextGen turboprop aircraft, and has also taken options on an additional three Q400 NextGen aircraft.
ased on the list price for the Q400 NextGen aircraft, the value of the firm order is approximately $62 million US, which could increase to $158 million US should all three options be converted to firm orders.
A corporate jet aircraft charter operator since its founding in May of 2007, Smart Aviation has formed a commercial airline subsidiary and will use its Q400 NextGen aircraft to launch scheduled and charter services to complement its corporate aircraft activities throughout the Middle East.
"Middle East tourism and business travel are growing steadily and we want to be in a position to meet this growth with efficient, reliable, economical and passenger-friendly aircraft," said Wael El-Maadawy, Chairman and Managing Director, Smart Aviation Company. "Bombardier turboprop aircraft have excelled on these attributes in the Middle East operating environment for several years, so the Q400 NextGen aircraft was the first choice for our new service."
"The Q400 NextGen aircraft is optimized for the intra-regional, shorter routes in the expanding North African and Middle Eastern travel market," said Gary R. Scott, President, Bombardier Commercial Aircraft. "We at Bombardier are confident that the Q400 NextGen aircraft is well-suited to Smart Aviation's new venture and welcome the company to the growing family of Q400 NextGen aircraft operators."