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Lessor Palma Holding Limited (Dubai) orders a brand new Q400NG for RwandAir

17/03/2015

Bombardier Statement

• Palma and Ibdar Bank to lease new aircraft to RwandAir of Kigali, Rwanda

Bombardier Commercial Aircraft announced today that lessor Palma Holding Limited (“Palma”) has signed a firm purchase agreement to acquire an additional dual-class Q400 NextGen aircraft. Under a joint venture between Palma and Ibdar Bank BSC (“Ibdar”), the firm-ordered aircraft will be leased to RwandAir of Kigali, Rwanda.

“The dual-class-configured Q400 NextGen aircraft presents many exciting business development opportunities for the African region,” said Moulay Omar Alaoui, President, Palma Holding Ltd. “With Ibdar, we became the first lessors worldwide for the aircraft’s dual-class configuration and having already worked together to place four aircraft with another operator in Africa, we are delighted to support RwandAir on its path towards further growth and increased profitability. 

“The Q400 aircraft is highly desired by airlines as evidenced by the number of repeat orders, and this makes it an attractive asset from a lessor’s point of view,” added Mr. Alaoui.

“It is also worth noting that with these purchase and lease agreements, together with Palma, we continue to expand the use of Islamic financing in the African aviation sector,” said Basel Al-Haq-Issa, Chief Executive Officer, Ibdar Bank BSC. “Our previous cooperation, which facilitated the lease of four Q400 NextGen aircraft, was the first Islamic financing deal in the African aviation sector, and we will continue to look for opportunities to replicate and build on this success as we have now done with RwandAir.”

SOURCE : HERE

RwandAir will add a Dash Q400 and a Boeing 737-800 respectively in 2015 and in 2016

02/11/2014

Informations coming from http://wolfganghthome.wordpress.com/, say that RwandAir will add more aircraft by 2016.

The airline plans to add a second Dash Q400NG for its regional network, where the demand is increasing. The airline has just resumed its Mwanza route. 

Furthermore to spread its wings across others African regions,  the airline will add a third Boeing 737-800 to its fleet, in 2016. The aircraft are currently used to West Africa and Dubai.  

With the arrival of the 2 Boeing 787s in late 2016 or in 2017, RwandAir will have a fleet of 2 Dash Q400NGs, 2 CRJ-900NGs, 2 Boeing 737-700s, 3 Boeing 737-800s.

RwandAir has currently the youngest fleet in Africa.