Bombardier Aerospace announced today that Porter Airlines has signed a conditional purchase agreement for 12 CS100 airliners, with options for an additional 18 CS100 aircraft. The agreement also includes purchase rights on six Q400 NextGen aircraft. The parties also disclosed that Porter Airlines is the unidentified, Americas-based customer that signed a Letter of Intent (LOI) for CS100 aircraft as announced by Bombardier in December 2012.
Today’s announcement was made at Porter Airlines’ home base at Billy Bishop Toronto City Airport, where alongside Bombardier, they also unveiled the CSeries aircraft flight deck and cabin demonstrator that will be on private display at Porter’s facility during the month of April 2013.
Based on the list price of the CS100 airliner, a firm-order contract would be valued at approximately $870 million US and could increase to $2.08 billion US should the 18 options also be converted to firm orders. Should Porter also exercise the six purchase rights for Q400 NextGen aircraft, the contract value would increase to $2.29 billion US.
“Following an in-depth analysis of existing and re-engined aircraft, we have selected the all-new CS100 airliner for its flexibility and suitability for urban operations, including outstanding fuel efficiency and short airfield performance, as well as reduced sound and emissions,” said Robert Deluce, President and Chief Executive Officer, Porter Airlines. “The aircraft fits perfectly into our business plans and growth strategy and we are also proud to be the Canadian launch customer for Bombardier’s CSeries aircraft. We look forward to expanding our network with an all-Bombardier fleet of CS100 jetliners and Q400 turboprops – promoting greener, quieter flying.”
“Porter Airlines’ selection of the game-changing CS100 jetliner for its operations is a compliment to the CSeries aircraft program and the flexibility of this aircraft and the missions it can perform. As an award-winning airline, Porter is widely recognized for its unique operations, as well as the refined service it provides and we are thrilled that Porter continues to look to Bombardier aircraft for its growth requirements,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “The worldwide momentum of interest for the CSeries aircraft program continues to grow and we are pleased that customers in both our traditional and growth markets are exploring opportunities and centering business cases around the use of Bombardier’s CSeries jetliners and pairing them with their Q400 aircraft operation. We look forward to seeing the technologically advanced CS100 aircraft take to the skies in Canada and its neighbouring regions alongside Porter’s existing fleet of 26 Q400 aircraft.”
“We’re delighted about this agreement between Porter Airlines and Bombardier as it represents the first Canadian operator to select the PurePower® family of engines and also extends the strong relationship amongst Porter, Bombardier and Pratt & Whitney,” said Todd Kallman, President, Pratt & Whitney Commercial Engines. “In addition to double-digit reductions in fuel consumption and engine operating cost, our PurePower engine generates a noise footprint that is up to four times smaller than today’s jet engine-powered aircraft, which benefits both travelers and airport communities.”
Source: Bombadier Aerospace
Date: Apr 11, 2013