Click here to close now.


News Feed Item

Danish Leasing Company Nordic Aviation Capital Orders Four Bombardier Q400 NextGen Airliners

Aircraft will be operated by airBaltic as Nordic Aviation Capital increases its aircraft leasing portfolio to 43 Q400 and Q400 NextGen aircraft

TORONTO, ONTARIO -- (Marketwire) -- 03/28/13 -- Bombardier Aerospace announced today that Nordic Aviation Capital A/S (NAC) of Billund, Denmark has signed a firm purchase agreement to acquire four Q400 NextGen airliners.

Based on the list price of the Q400 NextGen airliner, the contract is valued at approximately $134.77 million US.

The four aircraft will be operated by airBaltic of Riga, Latvia and will join eight Q400 NextGen airliners ordered directly from Bombardier as the airline transitions to an all-Bombardier fleet.

Other recent transactions undertaken by NAC and involving Bombardier's commercial aircraft include: the sale and leaseback of 10 Q400 aircraft to Marfin Investment Group for operation by Olympic Air; the sale and leaseback of eight Q400 NextGen airliners delivered to Eurolot of Poland; and the purchase of 12 CRJ1000 NextGen regional jets to be operated by Garuda Indonesia.

"We are delighted to be expanding our portfolio with additional high-quality, Bombardier-manufactured Q400 NextGen aircraft," said Kim Graven-Nielsen, Chief Executive Officer, Nordic Aviation Capital. "For over 20 years, we have been successfully partnering with our clients to place assets such as these into their networks. Our knowledge and experience continue to position us exceedingly well to offer a diverse range of aircraft leasing solutions, including sale and leaseback, operating leases and finance leases."

"The continued industry support from NAC is further evidence that leasing companies recognize the superb in-flight performance and reliability of the Q400 NextGen turboprop and CRJ1000 NextGen regional jetliner," said Mike Arcamone, President, Bombardier Commercial Aircraft. "We look forward to increased activity involving the aircraft leasing community as we strive to help our customers meet their business goals in a challenging economic environment."

In December 2012, airBaltic announced it was in the process of transitioning to an all-Bombardier fleet of CSeries and Q400 NextGen aircraft. The airline has placed a firm order for 10 CS300 aircraft and holds purchase rights on a further 10 CS300 airliners. These aircraft will replace older-generation 50-, 120- and 144-seat jet and turboprop aircraft.

"The Q400 NextGen turboprop is an excellent aircraft, and we are delighted to continue our transition to an all-Bombardier fleet," said Martin Gauss, Chief Executive Officer, airBaltic.

Including the transaction announced today, Bombardier has recorded firm orders for 467 Q400 and Q400 NextGen aircraft. Delivered aircraft are in service with more than 40 operators in over 30 countries, on five continents. These aircraft have transported more than 243 million passengers and have logged more than 3.8 million flight hours and over 4.1 million take-offs and landings.

About Q400 NextGen aircraft

The Q400 NextGen turboprop, which is built at Bombardier's Toronto, Ontario facility, is the most recent development in the evolution of the Q400 aircraft and the advanced successor to Bombardier's Dash 8/Q-Series family of aircraft. Optimized for short-haul operations, the "comfortably greener," 70- to 80-seat Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides an ideal balance of passenger comfort and operating economics with a reduced environmental footprint.

About Bombardier

Bombardier is the world's only 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 World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at or follow us on Twitter @Bombardier.

Notes to editors

Images of Q400 NextGen aircraft in airBaltic's livery are posted with this press release at:

Additional information on the Q400 NextGen aircraft is available at:

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.

Bombardier, CRJ1000, CS300, CSeries, Dash 8, NextGen, Q400, Q-Series and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

Marc Duchesne
Bombardier Commercial Aircraft

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...