Ilyushin Finance Co. (IFC) has converted an
option on one Bombardier Q400 aircraft to a firm order.
The Moscow-based leasing company, now with two
Q400 on firm order, has successfully concluded a leasing agreement
with Jambojet Limited (Jambojet) of Kenya for both aircraft.
“This agreement for these next generation
turboprops signifies a key development in IFC’s international
leasing business,” said Alexander Rubtsov, Director General, IFC.
“The demand for high-performance turboprops, such as the Q400,
continues to expand and we are pleased to enter into this new
lease with Jambojet.”
Jambojet is expected to take delivery of the
first leased Q400 aircraft this month, and the second
aircraft later this year.
The delivery of these two aircraft will
increase the fleet of Q Series turboprops in Africa to over 120
aircraft including about 70 Q400 aircraft.
impressed with the level of professionalism that IFC exhibited
throughout the process that led to this first agreement, and are
delighted to have found a trusted and reliable partner to support
our development plans,” said Willem Hondius, Chief Executive
Officer, Jambojet. “The Q400 aircraft’s performance has exceeded
our expectations on all fronts. With its low operating costs and best-in-class passenger experience, the Q400 turboprop has helped
us optimize and expand our operations and is undeniably the backbone of Jambojet’s growth strategy.”
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