Bombardier announces Falcon Aviation signs letter of intent for 5 Q400 airliners Bombardier Aerospace announced that Falcon Aviation Services of Abu Dhabi signed a Letter of Intent for five additional Q400 NextGen airliners. The LOI is in addition to the order for two Q400 NextGen aircraft announced in February and an order for one firm aircraft placed in April. The two companies signed a memorandum of understanding whereby they agree to collaborate in addressing the need in Africa and the Middle East for multiple, high quality aircraft solutions which meet international standards. Based on Q400 NextGen aircraft list price, should the LOI for the five Q400 NextGen aircraft be converted to a firm order, the firm order contract would be valued at approximately $160M.
CAE to acquire Bombardier's Military Aviation Training business for C$19.8M CAE (CAE)and Bombardier (BDRBF) announced that they have signed an agreement for CAE's acquisition of Bombardier's Military Aviation Training business for approximately C$19.8M. The closing of the transaction is conditional on usual conditions and regulatory approvals, and if those are obtained closing is expected to occur during 2015.