Bombardier Sells Eight Q400 NextGen Airliners to Ethiopian Airlines

TORONTO, ONTARIO --- Bombardier Aerospace announced today that Ethiopian Airlines has signed a contract to purchase eight Q400 NextGen turboprop airliners, and has taken options on four additional Q400 NextGen aircraft. Including this transaction, the Dash 8/Q-Series aircraft program has recorded firm orders for a total of 1,001 aircraft.>> Based on the list price of the Q400 NextGen airliner, the value of the Ethiopian Airlines firm order contract is approximately $242 million US, and could increase to approximately $366 million US if the four options are exercised.>> Ethiopian Airlines, the country's flag carrier, made its first flight between Addis Ababa and Cairo via Asmara on April 8, 1946. Today, it operates a fleet of jet and turboprop aircraft to 33 African cities and a total of 20 international points in the Middle East, Asia, Europe and North America.>> Ethiopian Airlines won the Brussels Airport Marketing Award for long-haul operations in October, 2008. In the same month the airline also won the 2008 Best Airline in Africa Award from the Akwaaba Travel Market Organization and the 2008 Corporate Achievement Award in Johannesburg in August, 2008.>> "The 360-knot speed, low operating costs and environmental credentials of the Q400 NextGen aircraft will enable us to maintain the high standards for which we have received numerous awards," said Girma Wake, Chief Executive Officer, Ethiopian Airlines. "The aircraft's excellent range and payload capability will allow us to deploy it on domestic routes within Ethiopia, as well as on regional routes up to 1,000 nm (1,850 km) from Addis Ababa.