Nov 20, 2008 11:39 AM
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Bombardier Aerospace said Thursday it has signed a deal to sell eight Q400 NextGen turboprop airliners to Ethiopian Airlines for US$242 million.
The aircraft manufacturing wing of Montreal-based Bombardier Inc. said options for four more of the Dash 8/Q-Series aircraft could increase the total value of the deal to $366 million.
Ethiopian Airlines operates a fleet of jet and turboprop aircraft to 33 African cities and a total of 20 international points in the Middle East, Asia, Europe and North America.
With the deal, 330 of Bombardier's Q400/Q400 NextGen have been ordered, with 210 delivered as of July 31, 2008.
Bombardier shares were up 26 cents at $3.69 in midday trading at the Toronto Stock Exchange.
