Bombardier Aerospace announced today that Caribbean Aircraft Leasing (BVI) Limited has signed a contract to acquire a new Bombardier Q300 50-seat turboprop airliner. The order was placed two months after Bombardier announced Caribbean Aircraft Leasing's initial order for three Q300 aircraft.
The contract announced today is valued at approximately $16.3 million US.
The four Q300 aircraft will be operated either by Caribbean Aircraft Leasing regional airline affiliates Caribbean Star Airlines Limited, based in Antigua, or Caribbean Sun Airlines Inc., based in Fort Lauderdale, Florida. They will join the two airlines' existing fleet of 12 Bombardier 37-seat Dash 8/Q Series 100 and seven 50-seat Dash 8/Q Series 300 aircraft.
"The accelerated expansion of our fleet will provide improved connectivity for the rapidly growing European tourism segment," said William E. "Skip" Barnette, President of Caribbean Star and Caribbean Sun. "It will offer more choices for regional travel and positively impact the communities served through increased tourism and business travel.
"The lower operating costs of the new Bombardier Q300 will allow us to continuously upgrade our services and facilities, while making travel within the Caribbean region more economically viable," Mr. Barnette said.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2005, were $15.8 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
Bombardier, Q Series, Dash 8, Q300 and Q100 are trademarks of Bombardier Inc. or its subsidiaries.
BOMBARDIER AEROSPACE (TSX:BBD.MV.A) (TSX:BBD.SV.B)