Bombardier Signs Largest Ever Q400 Turboprop Order with SpiceJet for up to 50 Aircraft

SpiceJet to become the launch customer of the extra-capacity, 90-Seat Q400 aircraft

Toronto, Ontario, September 30, 2017 /India PRwire/ -- Bombardier Commercial Aircraft today announced that it has concluded a firm purchase agreement with SpiceJet Limited ("SpiceJet") of Gurgaon, India for up to 50 Q400 turboprop airliners, making it the largest single order ever for the Q400 turboprop aircraft program and bringing total Q400 firm orders to over 600 Q400 aircraft. Upon delivery, the airline will become the first in the world to operate a 90-seat turboprop, pending certification by regulatory authorities.

The purchase agreement includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on list prices, the order is valued at up to US $ 1.7 billion.

"We are very proud to firm up this agreement with SpiceJet as it is another demonstration of the Q400's unique versatility. This repeat order will not only increase the Q400 aircraft fleet in the fast-growing regional market in India and in the Asia-Pacific region but will also launch the high-density 90-passenger model," said Fred Cromer, President, Bombardier Commercial Aircraft. "This order confirms the airlines' increased capacity needs on regional routes with high passenger demand and demonstrates the increased profitability potential that this unique turboprop configuration has to offer."

"I am pleased to confirm SpiceJet's latest order for up to 50 Bombardier Q400 planes, which has been announced at the Paris Air Show. I am sure this fresh order will help us further enhance connectivity to smaller towns and cities and help realize Prime Minister Narendra Modi's vision of ensuring that every Indian can fly," said Ajay Singh, Chairman and Managing Director, SpiceJet. "SpiceJet operates India's largest regional fleet and has always been a firm believer in the growth story of India's smaller towns and cities. We have worked hard over the years to put these smaller towns on the country's aviation map and will strive to keep that momentum going in the times to come."

"We have been witnessing growth in the number of passengers per departure in the turboprop market, and especially in India. Today, Bombardier offers the largest turboprop aircraft available on the market and SpiceJet will be the first airline to take advantage of the profitable and efficient operations that the 90-passenger high-density Q400 will offer them," said Francois Cognard, Vice President, Sales, South-Asia and Australasia.

Since 2010, SpiceJet has taken delivery of 15 new Q400 aircraft. The airline currently operates 20 Q400 aircraft in a 78-seat configuration to domestic and international destinations. This fleet expansion will provide SpiceJet with the ability to grow profitably and leverage the robust demand forecast in the world's fastest growing regional aviation market.

Bombardier's Q Series turboprops and CRJ Series regional jets have made significant advances in the Australasia region where approximately 380 aircraft - including more than 240 Q Series turboprops -- are in service with or on order by over 45 customers and operators.

Bombardier's customer support network for commercial aircraft in the Asia-Pacific region includes Regional Support Offices in Gurgaon (India), Tokyo (Japan), Sydney (Australia), Shanghai (China) and Singapore (Singapore), as well as Parts Services Depots in Sydney (Australia), Tianjin (China), Narita (Japan) and Singapore (Singapore). The network also includes three strategically located Authorized Service Facilities -- GMR Aero Technic in Hyderabad (India), STAECO in Jinan (China) and Hawker Pacific in Cairns (Australia). Operating from the company's regional office located in Singapore, Bombardier Commercial Aircraft's sales and marketing team is well positioned to provide industry-leading solutions to its current and prospective customers.

Including SpiceJet's order, Bombardier has recorded firm orders for a total of 610 Q400 aircraft.

Notes to Editor

About SpiceJet Ltd

SpiceJet is India's favourite airline that has made flying more affordable for more Indians than ever before. SpiceJet operates 380 average daily flights to 50 destinations, including 43 domestic and 7 international ones. The airline connects its network with a fleet of 35 Boeing 737NG and 20 Bombardier Q-400s. The majority of the airline's fleet offers SpiceMax, the most spacious economy class seating in India, as an additional fee option.

SpiceJet was conferred Best Domestic Airline 2017 at the 10th International Conference & Awards organized by Ministry of Civil Aviation & Tourism, Govt. of India and ASSOCHAM (Aug., 2017), Most Outstanding Global Aviation Turnaround' award at IIIrd Travel & Hospitality Awards (Apr., 2017), The CAPA Chairman's Order of Merit for fastest turnaround in FY 2016 (Feb., 2017) 'Asia's Greatest Brands - 2016', 'Global Asian of the Year Award' for Mr Singh, & 'Asia's Greatest CFO 2016' at the AsiaOne Awards at Singapore (Jan., 2017). These added to the tally of global recognitions received throughout 2016. Some of the key accolades that were conferred in 2016 are 'World Travel Leaders Award' received by Mr. Ajay Singh at WTM London (Nov 2016), 'Best Check- in Initiative' award by Future Travel Experience global awards in Las Vegas (Sep 2016), Smart Check In Initiatives awarded at CIO 100 India Symposium & Awards in Pune (Sep 2016), 'Best Employee Engagement' amongst 104 corporate entries at the 4th DMA - Thomas Assesments National Award for Excellence in Talent Management in New Delhi (Aug 2016), Best Transportation brand as well as the Best Airline Brand in India for 2016 by Brand Trust Report (Apr 2016) and the four Best Domestic Airline Awards by India Travel Awards, one for each of the four regions of India.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2016, we posted revenues of $16.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier

Notes

Images of Q400 aircraft in the livery of SpiceJet are posted with this news release at www.bombardier.com.

The Q400 aircraft backgrounder is available in the BCA Media Hub

For information about SpiceJet, visit: www.spicejet.com

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Bombardier, Q400 and Q Series are trademarks of Bombardier Inc. or its subsidiaries.

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