Palma Aircraft Leasing Holding Limited has signed a firm agreement to buy four Bombardier Q400 NextGen turboprops from Bombardier.
The agreement, Bombardier says it could be worth about $ 282 million, also based in Palma gives Dubai the option to acquire an additional four aircraft of the type.
Bombardier Q400 NextGen
Palma has signed a letter of intent to acquire the aircraft in November 2013 and intends to lease four initial turboprops Ethiopian Airlines in joint venture with Bank Ibdar says Bombardier. Ethiopia and operates 13 Q400 NextGen.
Palma aircraft will be fitted with two classes and will be the first NextGens Q400 owned by a landlord in the Middle East, says Bombardier.
With the new order, Bombardier has accumulated 484 firm orders for Q400 and Q400 NextGen aircraft, the manufacturer says. Add the Q400 NextGen has advanced avionics and the ability to operate on unpaved tracks in "hot and high" conditions.