$160 Million Bombardier Q400 NextGen Aircraft Contract with GE Capital

The year is off to a great start for Bombardier as GE Capital Aviation Services sign a purchase agreement with an order value of $160 million for five of its Q400 NextGen aircraft. The company announced that options have been taken on 10 additional aircraft, which could mean that the GECAS order could reach $448 million, based upon the current list price of the Q400.

The stunning large turboprop aircraft has seating for up to 86 passengers and is optimised for short-haul flights. It is cited as being the most efficient modern turboprop with the lowest seat-mile costs in the short-haul regional marketplace.

In a statement from Norman C.T. Liu, GE Capital Aviation Services CEO and president, the decision-making process for the Q400 is clear. “As we continue to grow our leasing fleet, we are pleased to be adding up to 15 more Q400 NextGen aircraft,” he said. “We have seen a growing demand for turboprop aircraft worldwide and the Q400 NextGen aircraft is ideally positioned to meet the needs of regional airlines now and in the future.”