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Ethiopian Airlines Signs Purchase Agreement for 10 firm Q400 Aircraft

TORONTO, ONTARIO -- (Marketwired) -- 04/27/18 -- Editors Note: There is a photo associated with this press release.

Bombardier Commercial Aircraft announced today that it has concluded a firm order for 10 new Q400 aircraft with Ethiopian Airlines. The order also includes purchase rights for five additional Q400 aircraft.

Based on the list price of the Q400 aircraft, the firm order is valued at approximately $332 million U.S.

"The Bombardier turboprops continue to deliver unmatched performance to our operators, and we are proud that the flag carrier of Ethiopia is once again recognizing its tremendous value by increasing its fleet of Q400 aircraft," said Fred Cromer, President, Bombardier Commercial Aircraft. "The market trend for high-performing and larger turboprops is intensifying, and this fifth reorder is a great example of the Q400 turboprop success story and the value it creates for clients around the world."

About Q400 Turboprop

Designed as a modern, 21st-century turboprop, the Q400 aircraft is the most recent development in the Q Series family of aircraft. It provides unmatched performance, operational flexibility and passenger comfort. In addition to the standard single-class configuration, Q400 aircraft are available with an optional dual-class interior for enhanced passenger comfort; in an optional extra-capacity configuration offering up to 90 seats for higher-density markets; and in a cargo-passenger combi configuration.

About Bombardier

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

Images of the Q400 aircraft in the Ethiopian Airlines livery are posted with this press release at www.bombardier.com.

For more information on the Q400 aircraft, visit http://news.commercialaircraft.bombardier.com/media-kit/

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

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Bombardier, Q400, Q Series and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

To view the photo associated with this press release, please visit the following link: http://media3.marketwire.com/docs/EthiopianQ400.jpg

Contacts:
Nathalie Siphengphet
Manager, Communications and Public Affairs
Bombardier Commercial Aircraft
+1 450-476-5792
[email protected]

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