Search DubaiPRNetwork.com

Home >> Events & Exhibitions

Palma Holding to Acquire 20 Dash 8-400 Aircraft from De Havilland Canada

Monday, November 18, 2019/ Editor -  

Share

Home >> Events & Exhibitions

Dubai, November 18, 2019 – Today, during the Dubai Airshow, De Havilland Aircraft of Canada Limited (“De Havilland Canada”) announced that lessor Palma Holding Limited (“Palma”) has signed a Letter of Intent to purchase 20 Dash 8-400 aircraft. The parties are working to finalize a purchase agreement. 


“Palma became the first lessor worldwide to order the Dash 8-400 aircraft in its dual-class configuration and this first decision led us to develop other opportunities for the Dash 8-400 aircraft,” said Moulay Omar Alaoui, President, Palma Holding Limited. “We have leased new Dash 8-400 aircraft to Ethiopian Airlines, RwandAir and Falcon Aviation, and we see many more opportunities for this versatile aircraft.”


“From a lessor’s point of view, we see the focus from De Havilland Canada as a very strong value lever for the Dash 8-400 aircraft,” said Anas Bennani, Managing Director, Palma Holding Limited. “The value of the asset not only comes from its outstanding operational flexibility, passenger amenities, and low environmental footprint, but also the focus of the De Havilland Canada sales and support teams on this product. We are confident that De Havilland Canada’s renowned manufacturing expertise will only enhance the future of this aircraft program as we look ahead at developing new airline customer relationships.” 


“We are very encouraged by Palma’s Letter of Intent to purchase 20 Dash 8-400 aircraft, especially as it comes so soon after the transition of the Dash 8 aircraft program to De Havilland Canada,” said Todd Young, Chief Operating Officer, De Havilland Canada. “The Dash 8-400 aircraft has been proving itself in the Middle East and Africa for quite some time and we feel that we are on the brink of even greater success as we continue to work with lessors such as Palma to support the development of the region’s air transportation networks.


“The Dash 8-400 aircraft has the largest passenger capacity of any turboprop in production today and offers more versatility as demonstrated through the wide range of missions it supports successfully – from missionized operations such as firefighting, cargo-combi operations with 50-seat aircraft, dual-class service, and Low Cost Carrier (LCC) operations with the 90-seat variant. All of these applications can be deployed in the diverse operational environment across the Middle East and Africa,” added Mr. Young.

 

 


Previous in Events & Exhibitions

Next in Events & Exhibitions


Home >> Events & Exhibitions Section

Latest Press Release

Jaleel Holdings shifts its corporate headquarters to MVK Central in Majan, Dubai

Minister Hessa Buhumaid crowns winners of Dubai Women's Triathlon

Etisalat empowers ‘Etisalat Metro station' with 5G

Nuvolari Legend “The Brown Helmet” Eberhard & Co. extends the range dedicated t ...

Over 200 cyclists take part in NYU Abu Dhabi's second annual Ride for Zayed

Abu Dhabi Airports welcomes new services from Jazeera Airways at Al Ain Internat ...

Torrente, Al Mansoori Edge Closer to Another Xcat World Title With Dubai Grand ...

IATA to Improve Efficiency of Cargo Handling Audits

Carbon Emissions Per Passenger Decrease More Than 50% Since 1990'

Two New Looks for the Legendary Diver

Action Vehicles From No Time to Die Now on Display at Bond in Motion

Palm Tree Added to UNESCO's Representative List of Intangible Cultural Heritage ...

Corum Golden Bridge Round 43 Art Deco'

Abu Dhabi Ports announces AED 4Bn expansion projects at Khalifa Port on its 7th ...

Aster DM Healthcare celebrates 33rd Foundation Day by announcing launch of 5 new ...

INFINITI Engineering Academy 2019 Middle East winner awarded a life-changing car ...

Gulf Electrical Power Laboratories is now operational to optimize power assets i ...

Dubai Chamber seminar examines global trade trends and market opportunities

Share in the Festive Fun at City Centre Me'aisem's Outdoor Winter in Wonderland

25by2025 Gains Momentum with 59 Airlines Joining the Campaign