Flybe has closed a sale and leaseback transaction with Nordic Aviation Capital for four Bombardier Q400 aircraft recently delivered new.
The value of the transaction is approximately $100-million at list prices and senior debt was provided by Export Development Canada.
Flybe currently operates a fleet of 68 aircraft, including 54 Bombardier Q400s with a further four aircraft on firm order for delivery in 2011 plus options on 12 additional aircraft; and 14 Embraer 195s in service plus options on 15 additional aircraft.
David Attenburrow, Flybe’s director of fleet planning, observed, “This is Flybe’s first new aircraft financing with NAC (our eleventh aircraft lessor) and we are delighted to have closed this important transaction. We first worked with NAC in 2007 when, as a result of acquiring BA Connect, we inherited three older Dash 8-300 turboprops leased from NAC.
“In 2009 alone we financed the deliveries of 11 new aircraft which, despite the recent challenging economic and financial climate, we are very pleased to say we financed on time and on budget.”
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
The changes are intended to meet greater need and deliver more value for money.
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.
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