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Porter Airlines exercises further options on two Bombardier Q400s

Written by thomas · Filed Under Commercial 

July 16, 2008

thomas

TORONTO, July 16 /PRNewswire/ – Porter Airlines is exercising two
existing options for Bombardier Aerospace Q400 aircraft. This represents
aircraft 13 and 14 in the Porter fleet from an original order of 10 firm
and 10 options.

The two aircraft are valued at approximately $52 million U.S. based on
list prices. Six Q400s are delivered and currently in service. Within one
year, the fleet will double in size to 12 aircraft and the full order of 20
is expected to be delivered in less than two years.

“Porter is continuing its steady, successful growth curve with the
confirmation of this order,” said Robert Deluce, president and CEO of
Porter Airlines. “We’ve been able to maintain a full level of customer
service while adding aircraft, employees and destinations at a time when
many carriers are making difficult decisions about the future.”

Porter was recently recognized by Bombardier for achieving 99.59 per
cent dispatch reliability, the highest in the world for all Q400 operators.

“The Q400 continues to serve Porter well as the ideal aircraft for our
regional routes,” added Deluce. “The passenger comfort, fuel efficiency and
reliability help us deliver a unique passenger experience.”

“Final assembly for the Q400 aircraft is done at Bombardier’s Toronto
site, so Porter Airlines’ operation is an ideal showcase for the airliner,”
said Gary R. Scott, President, Bombardier Commercial Aircraft. “The lower
CO2 gas emissions and quiet operation of the airliner make it ideally
suited to the Toronto City Centre Airport and similar downtown airfields
such as London City Airport in the United Kingdom. The Q400 aircraft is
truly a 21st century turboprop.”

Total firm orders for the Q400 aircraft now stand at 308, with 200
delivered as of April 30, 2008.

Porter operates a 70-seat version of the Q400, one of the most
fuel-efficient aircraft in its class, burning less fuel per seat than most
regional and narrow-body jets. With leather seating, extended legroom and a
667 km/h cruising speed, the Q400 sets new standards for comfort, fuel
efficiency and low emissions.

About Porter Airlines

Porter Airlines Inc. is a regional passenger carrier based at Toronto
City Centre Airport. The airline serves Toronto, New York (Newark), Ottawa,
Montreal, Quebec City, Halifax and Mt. Tremblant. Porter plans to fly to at
least 17 short-haul Canadian and U.S. destinations. Visit http://www.flyporter.com
or call (416) 619-8622 or (888) 619-8622 for more information.

SOURCE Porter Airlines Inc.

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