This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alaska Air Group Orders Three Bombardier Q400 NextGen Turboprop Airliners

PARIS, June 18, 2013 /PRNewswire/ -- Bombardier Aerospace announced today that Seattle-based Horizon Air has signed a firm contract to acquire three 76-seat Bombardier Q400 NextGen turboprop airliners. The transaction represents the conversion of three previously booked options on the aircraft. The airline also reconfirmed its options on another seven Q400 NextGen aircraft.

(Photo:  http://photos.prnewswire.com/prnh/20130618/SF33819)

Based on the list price of the Q400 NextGen aircraft, the contract announced today is valued at approximately $98 million US.

The three new aircraft will increase Horizon Air's orders for Q400 and Q400 NextGen airliners to 51 aircraft – the world's largest fleet. Including the order announced today, Horizon Air has ordered a total of 100 Bombardier Dash 8/Q-Series aircraft since 1985.

"This aircraft order represents a significant milestone for Horizon and our employees, who have dedicated themselves to transforming our business and enabled us to grow," said Glenn Johnson, Horizon Air President. "The addition of these three Q400 NextGen aircraft will allow us to venture into the state of Alaska, which is considered America's last frontier and is now an exciting new frontier for Horizon."

"Our Q400 and Q400 NextGen aircraft remain North America's preferred turboprop because they provide the best combination of fuel efficiency and productivity in their class," said Mike Arcamone, President, Bombardier Commercial Aircraft. "Airlines that operate these aircraft successfully deploy them in a wide range of markets, from typical short-haul turboprop markets to longer-haul operations where they complement, and in some cases replace, jet aircraft.

"Horizon Air has been a Bombardier customer since 1985 when it ordered its first 10 37-seat Dash 8-100 airliners," added Mr. Arcamone. "We are thrilled that the airline is returning to order more Q400 aircraft - a superb testament to the flexibility and reliability of the aircraft."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs