Bombardier Sells Two Q400 NextGen Turboprops to Smart Aviation of Egypt
Mon, 08/30/2010 - 7:35am
The Associated Press

http://www.bombardier.com () —

Bombardier Aerospace announced today that Smart Aviation Company of
Cairo, Egypt has signed a firm order to acquire two Q400 NextGen
turboprop aircraft, and has also taken options on an additional three
Q400 NextGen aircraft.

Based on the list price for the Q400 NextGen aircraft, the value of
the firm order is approximately $62 million US, which could increase
to $158 million US should all three options be converted to firm
orders.

A corporate jet aircraft charter operator since its founding in May of
2007, Smart Aviation has formed a commercial airline subsidiary and
will use its Q400 NextGen aircraft to launch scheduled and charter
services to complement its corporate aircraft activities throughout
the Middle East.

"Middle East tourism and business travel are growing steadily and we
want to be in a position to meet this growth with efficient, reliable,
economical and passenger-friendly aircraft," said Wael El-Maadawy,
Chairman and Managing Director, Smart Aviation Company. "Bombardier
turboprop aircraft have excelled on these attributes in the Middle
East operating environment for several years, so the Q400 NextGen
aircraft was the first choice for our new service."

"The Q400 NextGen aircraft is optimized for the intra-regional,
shorter routes in the expanding North African and Middle Eastern
travel market," said Gary R. Scott, President,

Bombardier Commercial Aircraft. "We at Bombardier are confident that
the Q400 NextGen aircraft is well-suited to Smart Aviation's new
venture and welcome the company to the growing family of Q400 NextGen
aircraft operators."

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. Including Smart Aviation's order, Bombardier has booked
firm orders for a total of 391 Q400 and Q400 NextGen aircraft, and as
of April 30, 2010, 300 had been delivered. The aircraft are in service
with more than 30 operators worldwide.

About Bombardier

A world-leading manufacturer of innovative transportation solutions,
from commercial aircraft and business jets to rail transportation
equipment, systems and services, Bombardier Inc. is a global
corporation headquartered in Canada. Its revenues for the fiscal year
ended Jan. 31, 2010, were $19.4 billion, and its shares are traded on
the Toronto Stock Exchange (BBD). Bombardier is listed as an index
component to the Dow Jones Sustainability World and North America
indexes. News and information are available at www.bombardier.com
(http://www.bombardier.com) .

Note to editors

Images of Q400 NextGen aircraft are available in the press releases
section at: www.aero.bombardier.com (http://www.aero.bombardier.com) .

Bombardier, NextGen and Q400 are trademarks of Bombardier Inc. or its
subsidiaries.

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