Nordic Aviation Capital orders two new Bombardier Q400 turboprops

November 16, 2017: Aircraft manufacturer Bombardier Commercial Aircraft announced that it concluded a firm purchase agreement for two new Q400 turboprops with aircraft leasing company, Nordic Aviation Capital (NAC) in September 2017. NAC will lease these two Q400 aircraft to Jambojet Ltd, based in Nairobi, Kenya. With the addition of these aircraft, NAC has increased its Q400 portfolio to 87 aircraft and remains the largest fleet owner and lessor of the type in the world. Jambojet will now operate three Q400 aircraft on lease from two lessors. Based on the list price of the Q400 aircraft, the firm order is valued at $64 million.

Fred Cromer, president, Bombardier Commercial Aircraft said, “The Q400 aircraft offers the perfect balance of passenger comfort and operating economics with a reduced environmental footprint. The demand for turboprop aircraft worldwide is tremendous, and the Q Series aircraft are ideally positioned to meet the needs of regional airlines as they offer a unique ability to serve diverse and challenging environments. NAC's continued acquisition of the Q400 is a strong endorsement of the value, in-service performance and reliability the aircraft provides. We are thrilled that leasing companies continue to recognise the Q400 aircraft as a high-quality asset, as evidenced by this order.”

“We are delighted to have placed an order with Bombardier to grow our fleet of Q400 aircraft. We warmly welcome Jambojet as a new client and the opportunity to increase our global footprint on the African Continent. We are pleased to have partnered with the Jambojet management team in their efforts to grow and modernise their fleet. The Q400 is a high-quality asset with proven operational capability and performance, and we are confident that it will enable them to meet and exceed their performance targets. We look forward to strengthening our relationship with the Jambojet team in the years ahead,” said Martin Møller, chairman, Nordic Aviation Capital.

“The Q400 aircraft’s performance and economics have been exceptional as we position ourselves for rapid growth. Its proven operational capability in Africa’s hot and diverse landscape is an excellent asset in our portfolio. Our passengers are enjoying the experience, and the aircraft continues to deliver significant value to the airline. We are looking at retiring our narrowbody fleet and transitioning to an all-Q400 fleet by the end of this year. We are confident that the Q400 aircraft will allow us to implement our growth strategy as we strive to launch new routes and to respond to the anticipated increase in demand,” added Willem Hondius, CEO, Jambojet.

“We are proud that the Q400 is the leading turboprop in Africa as it fits its diversified and growing customer base. The Q400 aircraft is exceptionally versatile and can be adapted to a variety of business models, which makes it ideally suited for operators such as Jambojet,” said Jean-Paul Boutibou, VP Sales, Middle-East and Africa, Bombardier Commercial Aircraft.

Bombardier’s customer support network for commercial aircraft in Africa includes a Regional Support Office (RSO) and spare parts depot, co-located in Johannesburg, South Africa as well as authorised service facilities in South Africa and Ethiopia.