Turboprop deals - 29 November

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Air Canada leases ex-Lynx Q400s

Air Canada is taking five Bombardier Dash8-Q400 aircraft on lease that were previously operated by Frontier's subsidiary Lynx Aviation, CAO understands.

The carrier announced last month it had signed a letter of intent with a lessor for the five aircraft that will be operated on the Toronto City airport-Montreal route.

One aircraft, MSN 172, a 2007-vintage aircraft equipped with PW150A engines, has been delivered. It was delivered new to Lynx Aviation and financed under a 15-year US leveraged lease with Wells Fargo Northwest NA as the trustee.

Metlife Capital was the equity provider while Export Development of Canada was the debt provider of a sale and leaseback structure closed by Lynx. The other four aircraft are MSNs 165, 168, 170 and 174.

Air Canada has concluded a capacity purchase agreement with Sky Regional Airlines, an associated company of Canadian aviation service provider Skyservice Business Aviation. The regional carrier will sublease and operate the Q400 fleet on behalf of Air Canada out of the Billy Bishop Toronto City airport.

Air Tindi purchased a Beech 1900D (UE-52) aircraft with PT6A-67D engines from Raytheon Aircraft Credit Corp. The 1993-vintage aircraft was last operated by Commutair.

Charter Air Transport acquired an Embraer 120RT (251) aircraft with PW118A engines from First Union Commercial Credit. The 1993-vintage aircraft was last operated by Skywest Airlines.

ERA Alaska leased a Bombardier Dash8-100 (387) aircraft with PW120A engines from Icecap Trustee (Avmax Group). The 1994-vintage aircraft was last operated by Piedmont Airlines.

Horizon Air leased a Bombardier Dash8-Q400 (186) aircraft with PW150A engines. The 2008-vintage aircraft was delivered new to Lynx Aviation and has been operated by the Frontier's subsidiary since.