Croatia Airlines orders new aircraft

Bombardier Aerospace announced today that Croatia Airlines has signed a contract to acquire two Q400 NextGen turboprop airliners. The airline has also taken options for an additional four aircraft. The transaction represents the conversion of two options taken for Q400 aircraft which was announced on June 4, 2007 when Croatia Airlines also placed a firm order for four Q400 aircraft. Two of those aircraft have already been delivered.

Based on the list price for the Q400 NextGen aircraft, the value of the order announced today is approximately $57 million US. The value could increase to $180 million US if all four options are exercised. "The Q400 aircraft is at the very top of the global airline industry in terms of flight specifications, technological achievements and cost-effectiveness, said Ivan Misetic, President and Chief Executive Officer, Croatia Airlines. "We are convinced that by acquiring these aircraft, Croatia Airlines will reaffirm its position as a regional leader in Southeast Europe, besides contributing to connecting Croatia with the world and expanding the Croatian economy". "We are delighted that Croatia Airlines has placed an order for Q400 NextGen airliners so soon after the delivery of its first two Q400 aircraft earlier this year," said Gary R. Scott, president of Bombardier Commercial Aircraft. "It's a solid vote of confidence in these aircraft and we look forward to helping Croatia Airlines build a stronger presence in Europe".