November 18, 2013
Lessor Palma Holding Limited signs for up to eight new Bombardier Q400 NextGen aircraft
Palma Holding Limited (Palma) has signed a letter of intent to acquire up to eight dual-class Q400 NextGen aircraft. The agreement would cover four firm-ordered aircraft and four options. Palma intends to lease four aircraft to Ethiopian Airlines. Based on the list price, the potential contract value for Palma’s transaction covering four Q400 NextGen aircraft and four options would be approximately $282m.