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Skywest, announced tomorrow at the earnings call. You can tell them you heard it here first!
I am in Canada right now and on the news it mentioned a Scandanavian airline. Apparently, the Canadian Govenment is backing the loan to help Bombardier move some product.
I am in Canada right now and on the news it mentioned a Scandanavian airline. Apparently, the Canadian Govenment is backing the loan to help Bombardier move some product.
Could this explain the secret Q400 purchase?
http://www.flightglobal.com/articles/2009/08/06/330726/fate-of-lynx-of-interest-to-usas-skywest.html
Here try this:
Canada loans SAS money to complete order
8/5/2009, 3:15 p.m. EDT
The Associated Press (AP) — TORONTO - Canada is lending Scandinavian Airlines SAS up to $173 million Canadian (US$161 million) to help it purchase eight aircraft ordered last year from Canadian airplane manufacturer Bombardier.
International Trade Minister Stockwell Day announced the loan Wednesday.
The loan will support the sale of eight Q400 and CRJ900 aircraft, whose total list price ranges between US$232 million and US$320 million.
SAS and three affiliates ordered 27 aircraft in March 2008, with options for two dozen more aircraft, as part of a compensation agreement after landing gear problems left some of the airline's planes grounded in 2007.
Don't see how this has anything to do with the 5 announced the other day.