SAS agrees 1 bln skr Q400 settlement with bombardier, orders 27 new aircraft

STOCKHOLM (Thomson Financial) - SAS AB said it will receive slightly more than 1 bln skr in cash payments and credits on future aircraft orders from Bombardier as part of an agreed settlement with the company, after it was forced to withdraw its Dash Q400 aircraft in the wake of a series of crashes last autumn.

As part of the agreement, SAS said it has approved an order for 27 new Bombardier aircraft, with an option for a further 24 aircraft.

The initial 27 aircraft are comprised of 13 jet aircraft of the type CRJ900 NextGen, and 14 turboprop aircraft of the type Q400 NextGen.

The aircraft will replace SAS's grounded Bombardier Dash Q400 fleet.

'We are very satisfied with the settlement with Bombardier, a leading manufacturer of regional aircraft ... the CRJ900 and Q400 NextGen aircraft are well suited to our operations in Northern Europe,' said SAS president and CEO Mats Jansson.





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