Belfast Telegraph

Bombardier parent signs $62m deal for aircraft

By Clare Weir

The Canadian parent company of Bombardier Belfast has sold a number of aircraft to Egypt in a multi-million dollar deal.

Bombardier Aerospace has announced 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.

Based on the list price for the Q400 NextGen aircraft, the value of the order is $62m (£40m), which could increase to $158m (£102m) 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.

Optimised for short-haul operations, the 70- to 80-seat Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides an ideal balance of passenger comfort and operating economics with a reduced environmental footprint.

Including Smart Aviation's order, Bombardier has booked firm orders for a total of 391 Q400 and Q400 NextGen aircraft, and as of April 30 this year, 300 had been delivered.

The aircraft are in service with more than 30 operators worldwide.

The deal will have spin-offs for Bombardier Belfast which is responsible for producing the forward, mid and aft fuselage for the Q400 aircraft, as well as some flight components.

Last month, Bombardier revealed Australian flag-carrier Qantas Airways placed a firm order for seven of its Q400 NextGen turboprop airliners, in a contract worth around $218m.