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Porter Airlines orders four more Q400s

Porter Airlines (Toronto-Billy Bishop Toronto City Airport) has confirmed a new order for four 70-seat Bombardier DHC-8-402 (Q400) turboprops, plus six options.

Porter currently operates a fleet of 20 Q400 aircraft and the new order potentially raises this number to 30.

The new aircraft are scheduled for delivery beginning in the second quarter of 2011, through the third quarter of 2012, including option aircraft.

Porter also confirmed it has raised an additional C$15 million in equity from existing shareholders. The proceeds will be used primarily for working capital and new aircraft purchases.

Copyright Photo: Gilbert Hechema. DHC-8-402 (Q400) C-GLQB (msn 4130) prepares to touch down at Montreal (Trudeau).

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