WestJet firms up order for up to 45 Bombardier Q400 NextGen aircraft

Bombardier Aerospace released that the conditional order placed by WestJet on June 28, 2012, has been converted to a firm purchase agreement for up to 45 Q400 NextGen airliners. The transaction includes 20 firm-ordered Q400 NextGen aircraft and options on an additional 25 of the aircraft. WestJet’s letter of intent to acquire these aircraft was announced on May 1, 2012. As previously announced, based on the Q400 NextGen aircraft list price, the firm order is valued at approximately $683m and could increase to approximately $1.59bn if the 25 options are converted to firm orders.