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Horizon Air today announced a firm order for 15 additional Q400
high-speed turboprops and 20 options from Bombardier Aerospace of
Canada. By transitioning from three to two aircraft types by late
2009, Horizon will gain the major economic advantages that fleet
simplification provides, allowing it to offer customers even greater
fare values in the future.
Delivery of the additional 76-seat Q400s is scheduled to begin in
October 2008 and continue through August 2009. The order has a "list
price" value of US$393 million. As these Q400s roll in, Horizon plans
to phase out the remaining 37-seat Bombardier Q200s from its fleet and
operate only Q400s and 70-seat CRJ-700 jets.
"Our first-hand experience with the Q400 over more than six years
has given us the confidence to invest further in the model," said Jeff
Pinneo, Horizon's president and CEO. "We have a keen understanding of
the aircraft's many advantages - its superior economics, how well it's
accepted by customers, and its exceptional fit to our unique market
requirements."
In 2001, Horizon became the North America launch customer for the
Q400, making it a global pioneer in the introduction of this
next-generation turboprop. By mid-2009, Horizon will be operating 48
Q400s, the most of any airline in North America.
The Q400 and 70-seat CRJ-700 feature state-of-the-art technology
throughout. The cockpits are equipped with the Flight Dynamics
"Fogbuster" Head-Up guidance system for improved reliability in foggy
weather, a technology Horizon pioneered for regional airlines. The
cabins feature leather seats in a two-by-two configuration so that
every passenger is seated next to a window or an aisle.
Horizon's fleet currently includes 71 aircraft: 26 Q400s, 20
CRJ-700s, and 25 Q200s. As previously contracted with Bombardier,
Horizon is scheduled to receive an additional seven new Q400s by
mid-2007. Under an existing agreement with another regional airline,
Horizon will be subleasing 13 of the Q200s currently in its fleet,
leaving it with 12 to phase out in the future.
Named 2007 Regional Airline of the Year by Air Transport World
magazine, Horizon serves 49 cities throughout California, Colorado,
Oregon, Washington, Idaho, Montana, Nevada, and British Columbia and
Alberta. Together, Horizon Air and Alaska Airlines serve 90 cities and
are subsidiaries of Alaska Air Group, Inc. (NYSE:ALK).
Headquartered in Canada, Bombardier Inc. is a global corporation
and leading manufacturer of regional aircraft and business jets. For
more information, visit www.bombardier.com.
Photo: Images of the Q400 and CRJ-700 in Horizon Air livery are
available in Horizon's Newsroom Photo Gallery at:
http://newsroom.horizonair.com.
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