The LOI includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft.Based on the Q400 turboprop list price, an order could be valued at up to 1.7B billion dollars. They have placed huge orders for meeting the growing demand in the coming years.
Including this latest order, Bombardier has 585 Q400 aircraft on firm order and 60 operators using the aircraft worldwide.
On January 13 this year, SpiceJet had Friday announced one of the biggest aircraft order in the country buying 205 aircraft from Boeing for around United States dollars 22 billion or around Rs 1.5 lakh crore.
The stakeholders and analyst are of the opinion that the growth in aviation has happened despite any government backing. The initial pact was signed at the ongoing global Paris Air Show.
Last month, IndiGo announced plans to purchase a total of 50 ATR 72-600 turboprop aircraft, which normally have a seating capacity of 70 people. "Boeing doesn't produce a 100-seater aircraft, so to induce airlines to a larger aircraft could be one of their strategies".
"The acquisition will help us further increase connectivity to smaller towns and cities and help realise [Indian] prime minister Narendra Modi's vision of ensuring that every Indian can fly", states SpiceJet managing director Ajay Singh. "When concluded, this fleet expansion will provide SpiceJet the ability to leverage the robust demand forecast in the world's fastest growing regional market", it said. Since 2010, it has taken delivery of 15 Q400 aircraft. While the airline now operates 20 Q400s, these aircraft feature the 78-seat configuration.
Bombardier Commercial Aircraft already has a solid foothold on the African continent with upwards of over 190 Q Series turboprops - including over 35 Q Series operators - and CRJ regional jets in operation or on order from customers.
Ethiopian Airlines' initial order for eight Q400 aircraft plus four options was announced on November 20, 2008.