Colgan Air, a wholly owned subsidiary of Pinnacle Airlines, has signed a firm order to acquire 15 Q400 NextGen turboprop airliners. The transaction involves the conversion to firm orders of 10 conditional orders and the exercise of five options placed by Pinnacle in 2007. Colgan Air’s operations are based in Manassas, Virginia. Based on the list price of the Q400 NextGen aircraft, the contract is valued at approximately $432 million.
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