Pinnacle Airlines Corp. Places Firm Order for 15 Bombardier Q400 Airliners

(Toronto, March 15, 2007) -- Bombardier Aerospace announced today that Pinnacle Airlines Corp. of Memphis, Tenn. has signed a contract to acquire 15 Bombardier Q400 74-seat turboprop airliners. The transaction also includes conditional orders for another 10 Q400 aircraft and options on an additional 20.

The value of the 15 firm ordered aircraft, based on the list price of the Q400 aircraft, is approximately $381 million US. The value could rise to $1.2 billion US if all conditional orders and options are exercised.

Pinnacle Airlines Corp. will assign the 15 aircraft to its wholly owned subsidiary Colgan Air, Inc. which will operate the aircraft under the Continental Connection banner primarily from the Continental Airlines hub at Newark Liberty International Airport, New Jersey.

Source : Bombardier Aerospace

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