03:50 PM EST - Bombardier Inc. : announced that Smart Aviation Company of Cairo, Egypt has signed a firm order with Bombardier Aerospace to acquire two Q400 NextGen turboprop aircraft, and has also taken options on an additional three Q400 NextGen aircraft. Based on the list price for the Q400 NextGen aircraft, the value of the firm order is approximately $62 million U.S., which could increase to $158 million U.S. should all three options be converted to firm orders. A corporate jet aircraft charter operator since its founding in May 2007, Smart Aviation has formed a commercial airline subsidiary and will use its Q400 NextGen aircraft to launch scheduled and charter services to complement its corporate aircraft activities throughout the Middle East. Bombardier Inc.
shares T.BBD.B are trading down $0.05 at $4.50.
