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Bombardier wins US$297 million aircraft order from Nigerian carrier Arik Air

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(GlobalPost/GlobalPost)

PARIS - Bombardier says it has won an order from Nigerian carrier Arik Air for seven commercial aircraft valued at US$297 million.

The Montreal-based manufacturer announced on Day 3 of the Paris Air Show that the airline placed a firm order for three CRJ100 NextGen regional Jets and four Q400 NextGen turboprops.

Arik Air currently operates six Bombardier aircraft but it will become the first airline to operate the 100-seat aircraft in Africa.

Bombardier has yet to announce an order for its new CSeries plane at the air show. It has also received relatively few commercial aircraft orders at the premier aerospace event. The company's business aircraft have dominated Bombardier's orders so far, accounting for most of the nearly US$2 billion worth of activity if all options are exercised.

VistaJet, which last year placed the biggest order in Bombardier's history, followed up with an order Tuesday for up to 40 new Challenger 350s that would be worth US$1.035 billion at current list prices, although customers traditionally receive large discounts.

Bombardier also said an unidentified customer has placed firm orders for 12 Global 8000 business jets, worth a total of US$804 million at 2013 list prices.

It also announced that Horizon Air of Seattle has converted options for three 76-seat Q400 turboprop regional airliners into firm orders worth US$98 million, and reconfirmed options for seven aircraft.

On the Toronto Stock Exchange, Bombardier's shares gained 14 cents, or more than three per cent, at C$4.70 in Wednesday afternoon trading.

http://www.globalpost.com/dispatch/news/the-canadian-press/130619/bombardier-wins-us297-million-aircraft-order-nigerian-carrie