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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:51 EDTBDRBFBombardier announces firm order for five Q400 NextGen aircraft
Bombardier Commercial Aircraft announced that Calgary-based WestJet Encore has signed a firm purchase agreement for five Q400 NextGen airliners. This transaction is a conversion of a batch of five options booked by the carrier's parent company WestJet and follows the first conversion of five option aircraft announced on March 27, bringing the number of option aircraft exercised to 10. The initial total of 25 option aircraft was part of the original contract announced on August 1, 2012 that included WestJet's firm order for 20 Q400 NextGen airliners. Based on the list price of the Q400 NextGen airliner, the transaction announced today is valued at approximately $167M.
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