Bombardier Wins Q400 Order From Palma Holding

Lessor Palma Holding has signed a firm purchase agreement with Bombardier Aerospace for four dual-class Q400 NextGen aircraft. The agreement also includes options for an additional four Q400 NextGen aircraft, and follows a letter of intent to acquire the aircraft that was announced in November 2013. Under a joint venture with Ibdar Bank, Palma intends to lease four of the Q400s to Ethiopian Airlines. The contract is valued at $282m if all options are taken, based on list prices.

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