Bombardier In Potential $3.39bn Q400 Deal

Rostekhnologii (Rostec), a state corporation controlled by the Russian Federation, has signed a series of preliminary agreements with Bombardier which could see it purchase 100 Q400 NextGen aircraft. The agreements, which if fulfilled would have a value of $3.39bn, include a letter of intent for the purchase of 50 Q400 NextGen aircraft; as well as an additional agreement reached in conjunction with Rostec’s aircraft leasing subsidiary, Avia Capital Services, that will provide an opportunity to place at least 50 additional Q400 NextGen aircraft in the region. The parties also concluded a memorandum of understanding to validate the opportunity to set up a Q400 NextGen final assembly line in Russia. The agreements were signed at the MAKS 2013 Air Show, held at Moscow's Zhukovsky Airport.

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