Operator News / by Erik Johannesson

Elix Aviation Capital Confirms Q400 Sale/Leaseback with Ethiopian Airlines

Dublin, Ireland, April 10, 2018 – Elix Aviation Capital (“Elix”) is pleased to confirm that it has concluded a sale and lease-back transaction with Ethiopian Airlines Group (“Ethiopian”) including two new Bombardier Q400 aircraft.  The first of these two aircraft, MSN 4578, was purchased on April 6th, 2018 and immediately delivered to Ethiopian from Bombardier’s facility in Toronto, Canada.  The second aircraft in the transaction will be sourced from Ethiopian’s order-book with Bombardier and is forecasted to be delivered later this year.

Through this transaction, Elix continues to develop and further invest into the capabilities and services it brings to its African customers. MSN 4578 is the third aircraft Elix has leased to Ethiopian and the seventh Bombardier Q400 aircraft added to Elix’s portfolio of leased turboprop assets.