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Lessor Palma Holding Limited places firm order for up to eight Bombardier Inc's Q400 NextGen Aircraft


Monday, 3 Feb 2014 09:28am EST 

Bombardier Inc:Says Bombardier Aerospace announced that lessor Palma Holding Limited (Palma) has signed a firm purchase agreement for four dual-class Q400 NextGen aircraft.Says 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 Nov. 18, 2013.Says under a joint venture with Ibdar Bank BSC, Palma intends to lease four of the Q400 NextGen aircraft to Ethiopian Airlines. 

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