Subscribe Free
in Events

Dubai Airshow: Red letter day for De Havilland Canada

Posted 19 November 2019 · Add Comment

De Havilland Aircraft of Canada has signed a letter of intent (LoI) for 20 Dash 8-400 turboprops with Dubai-based lessor, Palma Holding.


Associated company, Palma Capital, also signed a memorandum of understanding (MoU) at the show with De Havilland Canada and Export Development Canada for cooperation between the three organisations regarding potential Dash 8-400 transactions – including sales, leases and sale-and-leasebacks – in the Middle East and Africa.

The MoU gives the three organisations opportunities to develop funding for the purchase of De Havilland Canada aircraft for onward lease to third-parties.

If a purchase agreement for the 20 aircraft is finalised, the deal will be the most significant for De Havilland since it took over the Dash 8 design from Bombardier earlier this year. A deal for 20 aircraft would substantially increase the Toronto manufacturer’s backlog.

“Palma became the first lessor worldwide to order the Dash 8-400 in its dual-class configuration and this decision led us to develop other opportunities for the aircraft,” said Moulay Omar Alaoui, president of Palma Holding

“We have leased new Dash 8-400s to Ethiopian Airlines, RwandAir and Falcon Aviation, and we see many more opportunities for this versatile aircraft.”

Anas Bennani, Palma’s managing director, said there would be news “soon” on placements for aircraft in the LoI.

De Havilland Canada COO, Todd Young, said: “We are very encouraged by the Palma LoI. The Dash 8-400 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.”

Alaoui added that the MoU with Export Development Canada meant that Palma could aim at “a more systematic cooperation, rather than doing it on a deal-by-deal basis.”

* required field

Post a comment

Other Stories
Latest News

Carbon emissions per passenger decrease more than 50% since 1990

The International Air Transport Association (IATA) published information confirming that carbon emissions per passenger have declined by more than 50% since 1990.

First E175-E2 jet completes its maiden flight

The Embraer E175-E2 made its inaugural flight today from the company’s facility in São José dos Campos. The E175-E2 is the third member of the E-Jets E2 family. The maiden flight kicks off a rigorous 24-month flight test campaign.

Jasmin Airways obtains AOC

The new private Tunisian airline Jasmin Airways has obtained its Air Operator’s Certificate (AOC) from the national civil aviation authority. Acting Transport minister, René Trabelsi, told Anuradha Deenapanray Chappard that

Wizz Air announces proposed establishment of Wizz Air Abu Dhabi

Wizz Air has announced that it has reached agreement in principle for the establishment of Wizz Air Abu Dhabi, United Arab Emirates in partnership with Abu Dhabi Development Holding Company.

Qatar Airways launches augmented reality game with Facebook

Qatar Airways has launched a new Augmented Reality (AR) experience that allows customers to play an innovative football game where they must ‘Blink to Score.’

Flydubai touches down in Krabi

Flydubai’s inaugural flight has touched down in Krabi in Thailand, becoming the first UAE-based airline to offer flights to the popular holiday destination.

Sofex SK2611020420
See us at
AVMENA20 BT1309100620AVAFA20BT2607050320Sofex BT2611020420SaudiAirshow21SK2011180221