Philippine Airlines orders up to 12 Q400 aircraft

Bombardier has finalized a firm purchase agreement with Philippine Airlines, flag carrier of the Philippines, consistent with the Letter of Intent announced on October 14, 2016. The purchase agreement includes a firm order for five Q400 aircraft and purchase rights for an additional seven Q400 aircraft. Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$165m and could increase to US$401m, should Philippine Airlines exercise all its purchase rights.The five firm-ordered Q400 aircraft are expected to be delivered throughout 2017.