TORONTO, ONTARIO--(Marketwired - Dec. 5, 2013) - Bombardier Aerospace announced today that Nantong Tongzhou Bay Aviation Industry Co., Ltd. ("Nantong Tongzhou Bay Aviation") has signed a letter of intent (LOI) to acquire 30 firm Q400 NextGen aircraft, as it prepares to launch commercial airline operations in China through an airline to be named "Sutong Airlines." Sutong Airlines, to be based in Nantong, Jiangsu plans to operate an all-Bombardier fleet of Q400 NextGen airliners when it starts operations in 2015.
Based on Q400 NextGen aircraft list price, a firm order would be valued at approximately $995 million US.
"With its regional aviation model set to revolutionize air service in Jiangsu, one of China's most affluent and fast-growing provinces, Sutong Airlines will not only make traveling increasingly convenient for the people of Jiangsu, but will also bring tremendous economic benefits to the economies and communities of the province," said Zhou Binzhen, President, Nantong Tongzhou Bay Aviation Industry Co., Ltd. "Bombardier's Q400 NextGen airliner fulfills our business plan requirement for a high-performance regional aircraft that is fast, reliable, economical and comfortable."
"As the sole aircraft manufacturer with three distinct and optimized families of aircraft in the regional and single-aisle market segments of up to 149 seats, Bombardier is pleased to support China's five-year plan that calls for the expansion of regional airlines," said Mike Arcamone, President, Bombardier Commercial Aircraft. "We are thrilled that Nantong Tongzhou Bay Aviation is looking to the Q400 NextGen aircraft to establish Sutong Airlines' operations, and we look forward to supporting the up-and-coming airline in supplying regional air transportation service that will allow ease of movement within China."
"The Q400 NextGen turboprop is ideally-suited to service China's vast geography, delivering unbeatably low operating costs, superb reliability to support high utilization operations, high payload capability and excellent short-haul range. We welcome Nantong Tongzhou Bay Aviation and Sutong Airlines as it works to bring much needed connectivity to the Jiangsu province's markets," added Andy Solem, Vice President, Sales, China and North Asia, Bombardier Commercial Aircraft.
As of September 30, 2013 Bombardier had booked 476 firm orders for Q400 and Q400 NextGen turboprops.
About Q400 NextGen aircraft
The Q400 NextGen turboprop is the most recent development in the evolution of the Q400 aircraft and the advanced successor to Bombardier's Dash 8/Q-Series family of aircraft. Optimized for short-haul operations, the "comfortably greener," 70- to 86-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.
Worldwide, Q400 and Q400 NextGen aircraft have transported more than 295 million passengers and have logged over 4.7 million flight hours and more than 5 million take-offs and landings. The Q400 and Q400 NextGen aircraft program includes some 50 customers and operators in over 30 countries on five continents.
About Bombardier
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
