Middle East lessor Palma Holding has firmed up an order for four Bombardier Q400s and four options, finalizing a letter of intent that was inked at the Dubai Air Show in November. The aircraft, which are to be placed with rapidly expanding Ethiopian Airlines, are valued at $282 million at list prices. Palma has teamed up with joint venture partner Ibdar Bank on the Ethiopian deal. Ethiopian will take the aircraft in a two-class configuration. The Addis Ababa-based carrier operates 13 Q400s, ...
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