Estonian Air and Bombardier signed a contract regarding delivery of three new CRJ900 NextGen aircraft
Estonian Air and Canadian aircraft manufacturer Bombardier signed a contract on Friday, according to which three CRJ900* NextGen* aircraft will be delivered to Estonian Air in early 2011 and 2012. The contract replaces the original agreement with Bombardier that was announced in March 2008 and will come fully force at the moment Estonian Parliament has approved Government’s decision on the enlargement of Estonian Air’s share capital.
“This is a fundamental step for our company. We are upgrading our fleet with smaller aircraft that better meet Estonia’s market demands and enable us to improve our flight schedule as well as open new destinations,” said Andrus Aljas, Estonian Air President and CEO.
“We are very satisfied with the agreed delivery time, which is at the beginning of our peak period and will enable us to use our fleet with maximum efficiency,” added Aljas.
Estonian Air will altogether get three new technologically advanced CRJ900 NextGen aircraft. According to the agreement, a comprehensive support and warranties package will be offered by Bombardier to Estonian Air. Long-term loans of various financial institutions and internal funds are used for the aircraft purchasing.
Estonian Air will introduce new aircraft primarily on business destinations with larger demand and shorter flights, with the aim to improve its flight schedule, as well as adding new destinations.
Additional information to the Editor
Estonian Air and Bombardier first signed a contract for the delivery of three new aircraft in March 2008. Due to the deterioration of financing conditions worldwide and lack of clarity with regard to the long-term shareholders of Estonian Air, an agreement for third-party financing of the aircraft took much longer than planned.
The original agreement was terminated in spring 2010.
* Trademarks of Bombardier Inc. or its subsidiaries.
Ilona Eskelinen, PR Director
AS Estonian Air, Lennujaama 13, 11101 Tallinn
Phone: +372 6401 178, Fax: +372 6401 204