Elix Aviation Capital Confirms a Sale and Lease-back Transaction with Ethiopian Airlines Group

Dublin, Ireland, April 10, 2018 – Elix Aviation Capital (“Elix”) is pleased to confirm that it has concluded a sale and lease-back transaction with Ethiopian Airlines Group (“Ethiopian”) including two new Bombardier Q400 aircraft.  The first of these two aircraft, MSN 4578, was purchased on April 6th, 2018 and immediately delivered to Ethiopian from Bombardier’s facility in Toronto, Canada.  The second aircraft in the transaction will be sourced from Ethiopian’s order-book with Bombardier and is forecasted to be delivered later this year.

Through this transaction, Elix continues to develop and further invest into the capabilities and services it brings to its African customers. MSN 4578 is the third aircraft Elix has leased to Ethiopian and the seventh Bombardier Q400 aircraft added to Elix’s portfolio of leased turboprop assets.

About Elix Aviation Capital

Elix Aviation Capital is a turboprop aircraft leasing platform established in 2013 to offer comprehensive leasing solutions to airlines operating in the regional aircraft market.  Elix’s uniquely specialized platform is well positioned to retain a market-leading presence in regional turboprop leasing and continue its streak of innovation and dedication to the sector. Elix has selectively built a diversified lease portfolio comprised of high quality Bombardier and ATR turboprops with an attractive and varied group of more than twenty lessees worldwide.  The platform is led by a management team with deep aviation expertise and a strong network of relationships across the industry.

About Ethiopian

Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.

Ethiopian commands the lion’s share of the pan-African passenger and cargo network operating the youngest and most modern fleet to more than 100 international passenger and cargo destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.

Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Regional Services; Ethiopian International Services; Ethiopian Cargo Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian In-flight Catering; Ethiopian Ground Services and Ethiopian Airports Enterprise. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.