Bombardier Commercial Aircraft announced today that it has finalized a firm purchase agreement with Philippine Airlines, consistent with the Letter of Intent announced on October 14, 2016. The purchase agreement includes a firm order for five Q400 aircraft and purchase rights for an additional seven Q400 aircraft. Based on the list price of the Q400 aircraft, the firm order is valued at approximately US $165 million and could increase to US $401 million, should Philippine Airlines exercise all its purchase rights. “With the lowest seat-mile costs in the regional aircraft market, the extra-capacity, two-class Q400 aircraft will offer Philippine Airlines

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