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Porter Airlines buys 30 Bombardier jets for $2.08 billion

Staff writer |
Canadian carrier Porter Airlines ordered 30 Bombardier's CSeries jets. The deal is valued at $2.08 billion.

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Bombardier Aerospace confirmed that Porter Airlines has signed a conditional purchase agreement for 12 CS100 airliners, with options for an additional 18 CS100 aircraft. The agreement also includes purchase rights on six Q400 NextGen aircraft. The parties also disclosed that Porter Airlines is the unidentified, Americas-based customer that signed a Letter of Intent (LOI) for CS100 aircraft as announced by Bombardier in December 2012.

Based on the list price of the CS100 airliner, a firm-order contract would be valued at approximately $870 million US and could increase to $2.08 billion US should the 18 options also be converted to firm orders. Should Porter also exercise the six purchase rights for Q400 NextGen aircraft, the contract value would increase to $2.29 billion US.

"Following an in-depth analysis of existing and re-engined aircraft, we have selected the all-new CS100 airliner for its flexibility and suitability for urban operations, including outstanding fuel efficiency and short airfield performance, as well as reduced sound and emissions," said Robert Deluce, president and chief executive officer of Porter Airlines.

"Porter Airlines’ selection of the game-changing CS100 jetliner for its operations is a compliment to the CSeries aircraft program and the flexibility of this aircraft and the missions it can perform. As an award-winning airline, Porter is widely recognized for its unique operations, as well as the refined service it provides and we are thrilled that Porter continues to look to Bombardier aircraft for its growth requirements," said Mike Arcamone, president of Bombardier Commercial Aircraft. ■

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