Bombardier Commercial Aircraft announced that GE Capital Aviation Services (GECAS) signed a firm purchase agreement for five Q400 NextGen aircraft, with options on an additional 10 Q400 NextGen aircraft.

Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately $160 million. The value could increase to $448 million should GECAS exercise all its options.

“As we continue to grow our leasing fleet, we are pleased to be adding up to 15 more Q400 NextGen aircraft,” said Norman C.T. Liu, president and CEO, GECAS. “We have seen a growing demand for turboprop aircraft worldwide and the Q400 NextGen aircraft is ideally positioned to meet the needs of regional airlines now and in the future. Our customers value the performance, operating efficiency, and flexibility that this aircraft provides.”