Bombardier Aerospace, a unit of Bombardier Inc. (BBD_A.TO, BBD_B.TO), announced that Seattle-based Horizon Air has signed a firm contract to acquire three 76-seat Bombardier Q400 NextGen turboprop airliners. The transaction represents the conversion of three previously booked options on the aircraft. The airline also reconfirmed its options on another seven Q400 NextGen aircraft.
Based on the list price of the Q400 NextGen aircraft, the contract announced today is valued at approximately US$98 million. The three new aircraft will increase Horizon Air's orders for Q400 and Q400 NextGen airliners to 51 aircraft.
Bombardier also announced that Transport Canada has certified the Q400 aircraft for the advanced navigation capability of Required Navigation Performance AR 0.3 (RNP AR 0.3). The Q400 aircraft offers the most advanced navigation capabilities in the regional airline market.
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