Palma Holding firms up order for four Q400 NextGens

Bombardier Aerospace has announced that Palma Holding has signed a firm purchase agreement for four dual-class Q400 NextGen aircraft, a deal which also includes options for four more of the type.

The agreement firms up the Letter of Intent announced at the Dubai Air Show on 18 November 2013. Under a joint venture with Ibdar Bank BSC, Palma intends to lease four of the Q400 NextGen aircraft to Ethiopian Airlines.

“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,” remarked Moulay Omar Alaoui, president, Palma Holding. “The addition of the Q400 NextGen airliner to our portfolio will present exciting business development opportunities for our customers.”

Ethiopian Airlines currently operates a fleet that includes 13 Q400 NextGen airliners. Including Palma’s order, Bombardier has booked firm orders for a total of 484 Q400 and Q400 NextGen aircraft.

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