Agreement for the dozen turboprops is valued at $383.8 million at list prices
TORONTO—Bombardier Inc. says Philippine Airlines has signed a letter of intent to acquire up to 12 of its Q400 aircraft.
The Canadian plane and train maker’s Commercial Aircraft division did not disclose a purchase price for the dozen 86-seat turboprop aircraft, but the planes are valued at $383.8 million at list prices.
Philippine Airlines is the country’s flag carrier and serves more than 70 destinations at home and around the world.
Bombardier says about 190 of its aircraft are either in service or have been ordered by airlines in the Asia-Pacific region.