Dubai Airshow

De Havilland Inks LOI with Palma for 20 Dash 8-400s

 - November 18, 2019, 5:12 AM

Dubai-based property leasing company Palma Holding signed a letter of intent to purchase 20 De Havilland Dash 8-400s on Monday at the Dubai Airshow. Once the purchase agreement is finalized, Palma would become the first lessor worldwide to order the Dash 8-400 turboprops in a dual-class configuration.

The deal came one day after Nigeria’s Elin Group inked a firm order for three Dash 8-400s to support its diverse business interests in real estate development, power generation, agricultural development, gas utilization, mining, maritime operations, and the aviation sector.