Ethiopian Airlines (Addis Ababa) is planning to lease four Bombardier DHC-8-402s (marketed as the “Q400”) from Palma Holding Limited.

Bombardier issued this statement:

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

Ethiopian Airlines currently operates a fleet that includes 13 Bombardier DHC-8-402 (Q400) NextGen airliners.

Copyright Photo: TMK Photography/AirlinersGallery.com. The pictured DHC-8-402 (Q400) C-GBKC (msn 4299) became ET-ANI with Ethiopian Airlines.

Ethiopian Airlines: