China’s Nantong Tongzhou Bay Aviation Industry has signed a letter of intent (LOI) to acquire 30 firm Bombardier Q400 aircraft, as it prepares to launch commercial airline operations in China through an airline to be named Sutong Airlines. The value of the deal is approximately $995 million based on current list prices. The Nantong, Jiangsu-based carrier plans to operate an all-Bombardier fleet of Q400 aircraft when it starts operations in 2015. “With its regional aviation model ...
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