Wed, Feb 05, 2014
Deal Includes Four Firm Slots, Four Options For Dual-Class Airplanes
Bombardier Aerospace today announced that lessor Palma Holding Limited (Palma) has signed a firm purchase agreement for four dual-class Q400 NextGen aircraft. The agreement, which also includes options for an additional four Q400 NextGen aircraft, follows a letter of intent to acquire the aircraft that Bombardier announced on November 18, 2013. Under a joint venture with Ibdar Bank BSC, Palma intends to lease four of the Q400 NextGen aircraft to Ethiopian Airlines.
As previously announced, based on list price, the contract value for Palma’s transaction covering four Q400 NextGen aircraft and four options is approximately $282 million US.
“The two-class configured Q400 NextGen aircraft provides customers like Ethiopian Airlines with operational flexibility, as well as excellent route and lease structures prospects – we look forward to joining the Bombardier family,” said Moulay Omar Alaoui, President, Palma Holding Ltd. “The addition of the Q400 NextGen airliner to our portfolio will present many exciting business development opportunities for our customers.”
“I am delighted to welcome Palma as the first Middle Eastern lessor for the Q400 NextGen aircraft, and the first lessor worldwide for the aircraft’s dual-class configuration,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “As momentum for the Q400 NextGen aircraft continues to build in the Middle East, Africa and elsewhere, we look forward to adding many more operators to the family of 50 that are presently deriving excellent benefits from the aircraft’s operational flexibility, outstanding performance, passenger amenities and environmental credentials.”
Ethiopian Airlines currently operates a fleet that includes 13 Q400 NextGen airliners. Bombardier’s presence in the Middle East and Africa currently includes more than 200 Dash 8/Q-Series turboprops, CRJ regional jets and CSeries single-aisle, mainline aircraft in service or on firm order.
(Image provided by Bombardier)
More News
Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]
Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]
From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]
How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]
From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]
NTSB Final Report: Aviat A1
See All