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Angolan Consortium Signs Firm Purchase Agreement for Six Bombardier Q400

- Air Connection Express, Transportes Aereos S.A to operate the six new turboprops

TORONTO, ONTARIO -- (Marketwired) -- 05/05/18 -- Note to Editors: There is a photo associated with this press release.

Bombardier Commercial Aircraft announced today that it has signed a firm purchase agreement for six new Q400 aircraft with African Aero Trading on behalf of the consortium forming Air Connection Express, Transportes Aereos S.A, based in Luanda, Republic of Angola.

Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$ 198 million.

"We congratulate Air Connection Express as it launches its domestic air travel business, and are pleased that the Q400 has been selected to support regional air travel in Africa," said Jean-Paul Boutibou, Vice President, Sales, Middle East and Africa, Bombardier Commercial Aircraft. "The Q400 has proven to be a key contributor to the growth of the network in the region, enhancing connectivity on routes that are not economically viable for larger aircraft. Today, more than 37 operators are flying the Q Series in Africa, and we look forward to adding Air Connection Express to the family of Q400 operators."

The airline will operate the Q400 domestically to connect smaller communities and increase frequencies as a regional feeder airline to TAAG Angola Airlines - flag carrier of the Republic of Angola.

"We are delighted to have reached this milestone with Bombardier. With its industry-leading reliability, outstanding economics and performance capabilities, the Q400 will be instrumental in driving economic growth in Angola," said Alcinda Pereira, Representative, Founding Committee, Air Connection Express, Transportes Aereos S.A. "As we look at starting operations, we are confident that the nation of Angola will benefit tremendously from the Consortium. This partnership of companies has Angola's citizen's needs at heart, and selecting the leading turboprop in Africa will enable us to better serve communities across the country with modern passenger comfort and improved connectivity."

About the Consortium

This is a Public Private Partnership (PPP) that brings private and government groups together towards building a stable domestic airline operation for Angola. The members of the consortium include TAAG Angola Airlines, ENANA, Airjet, Air26, Bestfly, Diexim, Mavewa, SJL and Air Guicango. The consortium is in the process of establishing a management team and the operational structure for Air Connection Express.

About Bombardier

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

Images of the Q400 aircraft are posted with this press release at www.bombardier.com.

For more information on the Q400 aircraft, visit http://news.commercialaircraft.bombardier.com/media-kit/

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier's website.

Bombardier, Q400, Q Series and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20180504-1107878_800.jpg

Contacts:
Nathalie Siphengphet
Manager, Communications and Public Affairs
Bombardier Commercial Aircraft
+1 450-476-5792
nathalie.siphengphet@aero.bombardier.com

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