Posted on: 29 November 2017
Ethiopian Airlines Group is to lease two new Bombardier Q400 turboprops from Nova Scotia-headquartered Chorus Aviation, which is buying the aircraft duo from the Canadian airframe manufacturer.
Chorus says the aircraft will be purchased new from Bombardier by a subsidiary of Chorus Aviation Capital (CAC), and are expected to be delivered and placed on lease to Ethiopian next month.
“Ethiopian Airlines is a premier, award-winning international airline with a terrific history of innovation, growth and economic success. We are absolutely delighted to welcome them as a customer of Chorus Aviation Capital and look forward to building this important relationship,” said Steve Ridolfi, president of CAC.
“Ethiopian is one of the largest and most profitable airlines in Africa, a member of the Star Alliance airline network, and the winner of numerous awards for airline management and customer service. We are honoured to add them to our growing portfolio of regional aircraft lessees and very pleased to extend our global reach to our sixth continent: Africa,” he added.
Joe Randell, president and CEO of Chorus, added: “Upon completion of previously announced transactions, we’ll have a leased aircraft fleet of 62 aircraft worth approximately Can$1.2 billion. We are building significant momentum in this business and look forward to additional future growth.”
Addis Ababa-based Ethiopian has a fleet of 95 aircraft including Airbus A350s, Boeing 787s, B777-300ERs, B777-200LRs, B777-200 freighters and approximately 20 Q400s with an average age of five years.