Bombardier gets order for five Q400 airliners

Mon Aug 3, 2009 9:19am EDT
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(Reuters) - Bombardier Aerospace, the planemaking unit of Canada's Bombardier Inc, said it received a firm order for five Q400 NextGen turboprop airliners valued at about $159 million.

The Montreal-based Bombardier Aerospace said the airline, which has requested to remain undisclosed at this time, has also taken options on an additional five Q400 NextGen aircraft, which could raise the contract value to $332 million.

Bombardier Aerospace said the latest deal increases firm orders for Q400/Q400 NextGen aircraft to 362, with 245 delivered as of April 30.

In June, Bombardier reached an agreement with nearly 3,000 workers at its de Havilland aircraft plant in Toronto, where the company assembles the Q400 turboprop aircraft, avoiding a strike.

Bombardier shares, which have gained about 10 percent in a month, closed at C$3.80 Friday on the Toronto Stock Exchange. (Reporting by Krishna Chaithanya in Bangalore; Editing by Ratul Ray Chaudhuri)

<p>Bombardier Inc.'s Laurent Beaudoin (R), chairman of the board of directors and his son Pierre Beaudoin, president and chief executive officer wait for the start of the company's annual general meeting in Montreal, June 3, 2009. REUTERS/Christinne Muschi</p>