June 3, 2019 Montréal Bombardier Inc., Press Release
Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the Q Series aircraft program assets to De Havilland Aircraft of Canada Limited (formerly Longview Aircraft Company of Canada Limited), an affiliate of Longview Aviation Capital Corp., for gross proceeds of approximately $300 million. Net proceeds are expected to be approximately $250 million after the assumption of certain liabilities, fees, and closing adjustments.
Longview will carry on the production of Q400 aircraft at the Downsview Facility in Toronto, and will continue performing aftermarket services for Q Series aircraft. Bombardier will provide transitional services and will license certain intellectual property to Longview to facilitate a seamless transition of the Q Series aircraft program.
Iconic aviation brand becomes trade name for global Dash-8 / Q400 aircraft business
TORONTO, June 3, 2019 /CNW/ – Longview Aviation Capital Corp., manager of a portfolio of long-term investments in the Canadian aerospace industry, today launched De Havilland Aircraft of Canada Limited – the trade name of the subsidiary company that will operate the worldwide Dash 8 aircraft business. The launch comes with the formal completion of the transaction through which Longview acquired the entire Dash 8 program including the 100, 200 and 300 series and the in-production Q400 program from Bombardier Inc. The Dash 8 joins Longview’s comprehensive portfolio of aircraft programs, including the Twin Otter program and the DHC-1 through DHC-7 series, as well as the former Canadair CL-215, CL-215T, and CL-415 waterbomber aircraft.
“We are thrilled to assume responsibility for this exceptional aircraft program, and welcome the more than 1200 professionals that are joining De Havilland Aircraft of Canada from Bombardier. We aim to enhance the tradition of excellence around this aircraft by ensuring we continue to evolve to meet the needs of our customers, with a focus on the cost competitiveness of these aircraft across the lifespan, from production to parts and in-service support. In the months ahead we will be investing in the business with the aim of positioning us to better serve our customers.”
“We are particularly proud to introduce De Havilland Aircraft of Canada as an operating company and return the De Havilland Canada brand to prominence in the global aerospace industry. The iconic De Havilland name dates back almost one hundred years, and is responsible for some of the most renowned aircraft in aviation history. The combination of the Dash 8 with the existing Longview Aviation Capital portfolio unites the entire De Havilland product line under the same banner for the first time in decades. With a new corporate identity that draws on the rich brand heritage, we are excited about the opportunities we see ahead for this company, and for the Dash 8 aircraft.”
David Curtis, Chairman, Longview Aviation Capital
De Havilland Aircraft of Canada Limited will continue to produce, service and support Dash 8 and Q400 aircraft from the Downsview site in Toronto under land lease agreements which extend until 2023. Todd Young, a 30-year veteran of Bombardier who most recently was responsible for the Q-Series program, will lead the business as Chief Operating Officer. Nearly all of the previous Downsview workforce, and all existing union agreements, have transitioned to De Havilland Aircraft of Canada, ensuring operational continuity and a seamless transition for customers.
“We are excited to begin the next chapter for this aircraft program and to share the De Havilland Aircraft of Canada brand with the world,” said Mr. Young. “Our team at Downsview is engaged and motivated, and we look forward to working with our customers, suppliers and industry partners to maintain the Dash 8 turboprop’s position as one of the world’s most important commercial aircraft.”
De Havilland Aircraft of Canada Limited has obtained all regulatory approvals from Transport Canada and relevant competition authorities.
HALIFAX, May 21, 2019 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today that Chorus Aviation Capital (‘CAC’) has entered into a purchase agreement to acquire five, mid-life Bombardier Q400 aircraft currently on lease with Europe’s largest independent regional airline, Flybe. This transaction is expected to close by this summer and is subject to customary conditions precedent to closing, such as the novation of the existing leases, as well as the receipt of all regulatory approvals or consents required in connection with the acquisition of Flybe by Connect Airways Limited. With these acquisitions, Chorus Aviation Capital has announced 50 commitments to date for its regional aircraft leasing business.
“We are very pleased to expand our relationship with our existing customer, Flybe,” said Steve Ridolfi, President, Chorus Aviation Capital. “In less than two years we’ve grown our leasing portfolio to 50 aircraft acquired at approximately US $995.0 million with US $765.0 million in future contract lease revenue.”
“In addition to growing CAC’s lease portfolio, these mid-life aircraft play to the Chorus group’s strengths as a diversified provider of regional aviation services,” commented Joe Randell, President and Chief Executive Officer, Chorus. “At the end of the lease term, Chorus will have multiple potential uses for these aircraft, including lease extensions, re-leases or sale to new operators, conversions to non-passenger use, or disassembly for parts sales. I applaud the Chorus team for reaching this important milestone and for embracing our vision to become a worldwide provider of integrated regional aviation services.”
Upon the completion of this transaction, and seven other aircraft pending delivery to other customers, CAC’s portfolio will include 38 turboprops and 12 regional jets placed with 13 airlines on six continents. When combined with the 47 aircraft leased under the Capacity Purchase Agreement with Air Canada, Chorus’ fleet of leased aircraft has reached 97 aircraft valued at approximately US $1.6 billion.
Air Canada during summer season is adjusting service in Western Canada, as the airline continues moving most service to Dash8-Q400 aircraft, instead of -300 (or -300/Q400 mix, based on comparison with summer 2018 season). Planned changes, effective 01MAY19, as follows.
Calgary – Kelowna Dash8-Q400 service increases from 3 to 4 daily (All flights operated by Q400) Calgary – Saskatoon Dash8-Q400 service increases from 3 to 4 daily (All flights operated by Q400) Calgary – Winnipeg 2 daily A320 and 1 daily CRJ900, replacing 4 daily CRJ900/Dash8-Q400 Vancouver – Comox 4 daily service operated by Dash8-Q400, instead of 5 daily Dash8-300 Vancouver – Kamloops 4 daily service operated by Dash8-Q400, instead of 5 daily Dash8-300/Q400 Vancouver – Nanaimo 7 daily service operated by Dash8-Q400, instead of 8 daily Dash8-300/Q400 Vancouver – Penticton 3 daily service operated by Dash8-Q400, instead of 4 daily Dash8-300 Vancouver – Prince Rupert 2 daily service operated by Dash8-Q400, instead of 3 daily (weekdays) Dash8-300. Aircraft change from 01JUN19 Vancouver – Sandspit 2 daily service operated by Dash8-Q400, instead of Dash8-300/Q400. Aircraft change to all-Q400 from 01JUN19 Vancouver – Smithers 2 daily service operated by Dash8-Q400, instead of 3 daily Dash8-300
Customer support team for the Q Series Aircraft Program will be located alongside longstanding customer South African Express Airways and close to O.R. Tambo International Airport
Customer support team for the CRJ Series Aircraft Program will continue to support its customers in its current location
April 23, 2019 Toronto Commercial Aircraft, Press Release
Bombardier Commercial Aircraft announced today that it will relocate its Q Series aircraft regional support team from Lanseria International Airport to Airways Park, close to O.R. Tambo International Airport. This move will co-locate the regional support team for the Q Series aircraft with Bombardier’s longstanding customer, South African Express Airways. The CRJ Series Aircraft Program will maintain support to the region from its current location in Johannesburg, South Africa.
The regional support teams serve fleets of approximately 170 Dash 8/Q Series turboprops and about 70 CRJ Series regional jets in Africa and the Middle East. The relocation of the team supporting the fleet of Q Series aircraft will facilitate faster response times by team members when they need to travel to support customers and operators throughout the region.
Bombardier Commercial Aircraft has recorded firm orders for more than 1,300 Dash 8/Q Series and 1,900 CRJ Series aircraft, and the worldwide fleet is supported by teams in Africa and the Middle East, along with teams based in Canada (headquarters), Australia, Germany, India and Japan.
“We have enjoyed a 25-year relationship with Bombardier from the inception of South African Express until the present day. We are therefore delighted that Bombardier is positioning its Q Series aircraft regional support team to work more closely with our team at Airways Park, as well as with their other customers operating from O.R. Tambo International Airport,” said Siza Mzimela, Chief Executive Officer, South African Express Airways. “We’re confident that the proximity to our team and our hub will augment our operation and that we will benefit from Bombardier’s expertise as we work to further optimize the efficiency of our fleet and enhance our passengers’ experience.”
“The relocation of our Africa and Middle East Q Series regional support team is another step in our ongoing efforts to enhance our accessibility and support to customers and operators in the region,” said Todd Young, Vice President and General Manager, Head of Q Series Aircraft Program, Bombardier Commercial Aircraft. “O.R. Tambo International Airport serves as the primary airport for travel to and from South Africa, so it fits with our strategy to position our regional support teams where they are best able to offer timely support before, during and beyond an aircraft’s entry into service.”
“Our regional support teams provide quick-response problem solving, engineering expertise and tailored plans to meet our customers’ business plans,” said Charles Comtois, Head of CRJ Series Aircraft Program, Bombardier Commercial Aircraft. “Regional support team members also act as conduits to connect our customers to our extensive global network of Service Centres, Authorized Service Facilities, Parts Depots and Training Facilities.”
HALIFAX, April 17, 2019 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today that Chorus Aviation Capital (‘CAC’) has entered into agreements to deliver five new Bombardier Q400 aircraft to SpiceJet of India under a sale and leaseback transaction. CAC has delivered two aircraft and anticipates delivering all aircraft by the end of June 2019.
“We are excited to welcome SpiceJet as a new lessee. India is one of the fastest-growing air passenger markets in the world, and SpiceJet is well positioned to capitalize on that growth. This is an excellent start for Chorus Aviation Capital in this critically-important market,” said Steve Ridolfi, President of Chorus Aviation Capital.
Ajay Singh, Chairman and Managing Director, SpiceJet, said, “We see significant opportunities for growth, particularly in light of the recent reduction in aviation capacity in India, and are adding these five Q400s to support our expansion and ability to connect smaller towns and cities in India. We are delighted to be working with Chorus Aviation Capital on this addition to our fleet and look forward to future opportunities to work together.”
Upon delivering all five aircraft included in this transaction, and five other aircraft pending delivery to other customers, CAC’s portfolio will consist of 45 aircraft comprising 33 turboprops and 12 regional jets valued at approximately US $960 million.
HALIFAX, April 1, 2019 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced today the completion of a portfolio transaction between Chorus Aviation Capital and Elix Aviation Capital for six regional aircraft. The transaction had previously been announced on February 21, 2019.
The portfolio of six aircraft consists of two ATR72-600 aircraft on lease to Azul Airlines of Brazil, two Q400 aircraft on lease to Ethiopian Airlines, and two Q400 aircraft on lease to Jambojet of Kenya.
With these acquisitions, Chorus Aviation Capital’s portfolio of leased regional aircraft (inclusive of five transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately US $860 million.
August 13, 2018 Montréal – Bombardier Commercial Aircraft, Press Release
PassionAir becomes first Bombardier operator in Ghana with three Q400 aircraft
Bombardier Commercial Aircraft announced today that the company successfully placed three pre-owned Q400 turboprops with PassionAir from the Republic of Ghana. The airline acquired the aircraft through a dry-lease with a third party.
“Bombardier has sold about 3,500 new regional aircraft to date, and we continue to be very active on the used aircraft market.” said David Speirs, Vice President, Asset Management, Bombardier Commercial Aircraft. “Our recent momentum on the pre-owned aircraft market worldwide is a clear indication that our products are addressing a growing need for regional air transportation, especially in emerging markets.”
“Our market penetration in Africa continues to intensify, and we are pleased to welcome Passion Air as the first commercial airline operating a Bombardier regional aircraft in the Republic of Ghana,” said Jean-Paul Boutibou, Vice President, Sales, Middle East and Africa, Bombardier Commercial Aircraft. “Africa is the youngest and fastest growing region in the world, and regional aircraft like the Q400 will play a key role in helping advancing Africa’s economic growth.”
The airline will operate the three Q400 aircraft in a 78-seat configuration on domestic routes.
“This is a first step, and we look forward to expanding our fleet with more Bombardier aircraft,” said Edward Annan, Chief Executive Officer, PassionAir. “The Q400 offers the performance and flexibility that we need to further develop our network. With a range that unlocks great opportunities for us, we are confident that we will capitalize on a larger market, which extends to 12 countries and over 180 million potential passengers out of Accra.”
PassionAir is a Ghanaian owned airline, and aims to become the most competitive Aviation Service Provider in Ghana and West Africa. Our focus is on safety and excellent customer service delivery, depicting the proverbial Ghanaian hospitality. Our product lines range from scheduled to chartered flights offered at internationally accepted standards and competitive prices.
PassionAir as start off, will operate flights domestically, with plans of expanding our services to the West African sub-region in the medium term.