Sunday, October 4, 2009

Papua New Guinea orders 2 Bombardier planes

* Order worth $60 million
* Deal includes option for additional plane
* Bombardier shares down 1.4 percent on the TSX (In U.S. dollars unless noted)
TORONTO, Oct 2 (Reuters) - Bombardier Inc (BBDb.TO) said on Friday that Air Niugini, the national airline of Papua New Guinea, placed a firm order for two Q400 NextGen high-speed turboprop airliners, worth about $60 million.
The airline also took an option for an additional Q400 NextGen airliner, which would increase the value of the order to about $92 million if the option is exercised.
"Air Niugini has been a respected customer since the early 1980s when the airline acquired three 50-seat de Havilland Dash 7 aircraft," Gary R. Scott, president of Bombardier Commercial Aircraft, said in a statement.
The company said it has now recorded firm orders for 363 Q400 and Q400 NextGen aircraft and that, as of July 31, 257 had been delivered to customers.
Bombardier shares were down 7 Canadian cents, or 1.4 percent, at C$4.81 on the Toronto Stock Exchange early in session. Prior to the announcement of the order, the shares were down about 2.5 percent.
($1=$1.08 Canadian)
(Reporting by John McCrank; editing by Rob Wilson)

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