Garuda’s 12 leased CRJ1000 NextGens, plus six ordered directly from Bombardier in February, will result in the airline operating a fleet of 18 of...

A wholly owned subsidiary of Nordic Aviation Capital A/S has placed a firm order for 12 Bombardier CRJ1000 NextGen regional jets.

Nordic Aviation Capital has confirmed that the aircraft will be leased to Garuda Indonesia, Bombardier’s previously announced launch customer for the CRJ1000 NextGen in the Asia-Pacific region.


Billund, Denmark-based Nordic Aviation Capital is one of the world’s largest lessors of regional aircraft, with a portfolio of more than 160 turboprop and jet aircraft serving more than 30 customers in 20 countries.

Aircraft leasing company Nordic Aviation Capital ordered 12 Bombardier CRJ1000 NextGen regional jets on June 20, 2012, for lease to Garuda Indonesia. The Indonesian carrier also placed its own order for six CRJ1000 NextGens, in February 2012, and took options on 18 more. Should Garuda exercise all its options, it will operate a fleet of at least 36 CRJ1000 NextGens. The airline is flying the jets from five regional hubs in Indonesia

Based on the list price of the CRJ1000 NextGen, Bombardier values the firm order at approximately US$595 million.

“Nordic Aviation Capital’s order, as well as recent transactions undertaken by other third-party financiers to provide CRJ1000 NextGen aircraft to Air Nostrum of Spain, illustrate that these aircraft present attractive financing and leasing opportunities for airlines and investors,” said Mike Arcamone, president of Bombardier Commercial Aircraft.

Garuda’s 12 leased Bombardier CRJ1000 NextGen aircraft, plus six ordered directly from the manufacturer in February, will result in the airline operating a fleet of 18 CRJ1000 NextGen regional jets. Should the airline also convert the 18 options it has taken with Bombardier, its fleet of CRJ1000 NextGens would increase to 36.

Based at Soekarno-Hatta International Airport near Jakarta, Garuda Indonesia was established in January 1949. The airline currently operates a fleet of 92 commercial aircraft serving 31 domestic and 19 international destinations.

Garuda Indonesia was confirmed on February 15, 2012 at the Singapore Airshow as the unnamed customer which had ordered six Bombardier CRJ1000 NextGen regional jets and optioned 18 more on February 10. Garuda also revealed at the show that it intended to acquire 12 more CRJ1000 NextGens, reportedly from leasing company Nordic Aviation Capital

“Although it is a relatively new product, the Bombardier CRJ1000 NextGen aircraft is performing extremely well with its current operators, delivering exceptional reliability and the lowest seat-mile costs in its market segment,” said Martin Moller, chairman of Nordic Aviation Capital. “We are therefore delighted to be acquiring these high-quality assets and assisting Garuda Indonesia in carrying out its business plan.”

“The CRJ1000 NextGen aircraft’s superior economics, outstanding fuel economy and excellent passenger comfort ideally meet our requirement for 100-seat aircraft; and the acquisition of these 12 additional aircraft via Nordic Aviation Capital is integral to our network expansion from five regional hubs,” said Emirsyah Satar, president and chief executive officer of Garuda Indonesia.

Including the order from Nordic Aviation Capital, Bombardier has recorded firm orders for 1,729 CRJ-series regional jets, with 1,665 delivered as of March 31.

Worldwide, Bombardier CRJ-series aircraft are in service with more than 60 airlines, while more than 30 customers operate corporate variants of the aircraft. CRJs are operating in more than 50 countries. On average, a CRJ takes off every 10 seconds somewhere in the world.