Investec Bank Joins Q400 NextGen Aircraft Family Following Lease Agreement With Thailand#s Nok Air

General Press Releases Tuesday December 2, 2014 10:06
Bangkok--2 Dec--Bombardier Commercial Aircraft
Leasing companies increasingly recognizing the Q400 NextGen turboprop as a high-quality asset

Bombardier Commercial Aircraft officially welcomed Investec Bank plc ("Investec") to the family of Q400 aircraft lessors as Thai premium low-cost carrier Nok Air and the international bank and asset manager closed the sale and leaseback of two extra capacity Bombardier Q400 NextGen airliners. The 86-seat aircraft recently joined the carrier's fleet as part of a purchase agreement for up to eight Q400 NextGen turboprops, six of which are firm.

Investec was established in 1974 and its current market capitalization is approximately £3.6 billion GBP ($5.63 billion US).

"Our business plan has always been focused on serving the needs of select markets where we can compete effectively, supported by a client-centric approach and an ability to be nimble, flexible and innovative," said Ramki Sundaram, Head of Aviation, Investec. "Bombardier's new-technology Q400 NextGen turboprop, with its remarkable operational flexibility and passenger comfort, as well as Nok Air's customer focus and creative market leadership, are in perfect alignment with Investec's strategy and vision. We are extremely pleased with our purchase, and delighted to support Nok Air's growth."

"We are glad to welcome Investec as yet another lessor to the Q400 aircraft program. With its capability to be easily configured and retrofitted in various seating and cargo arrangements - extra capacity seating for unbeatable operating seat cost advantage, cargo-passenger combi for increased payload capability, and dual-class for superior comfort - the Q400 NextGen turboprop has gained further in value retention and liquidity," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft.

"Leasing companies are increasingly recognizing the outstanding versatility, in-service performance and reliability of the Q400 NextGen aircraft, making it an attractive financing and leasing opportunity as well as a high-quality asset," he added.


Latest Press Release

BSH Announces New Promotional Campaign to Boost Vario Styles Year-End Sales

Mr. Chollawit Na Songkhla, Managing Director, BSH Home Appliances Company Ltd., Thailand, unveiled "BSH is renowned for being the world's leading manufacturer of home appliances under the Bosch brand. The company has recently introduced its brand-new...

Ananda Development and CUPT launch How Cambridge Berkeley Stanford do Tech Transfer

An event aiming at bringing a revolution in the Thai tech ecosystem through the best practices of three globally renowned universities Ananda Development Public Company Limited and Council of University Presidents of Thailand (CUPT) are partnering to...

Thanksgiving Lunch Buffet at Voila! Restaurant

Our popular Voila! restaurant is celebrating Thanksgiving Day with a Lunch buffet that features all your favourite dishes including butternut squash and ginger soup, roast turkey (with all the trimmings!), baked ham, pumpkin pie and eggnog cheesecake. We...

Royal Cliff Supports Employees Children with Annual Scholarship Program

It was a joyful day of pride and gratitude for employees of the Royal Cliff Hotels Group who gave back to its loyal and hardworking team by generously awarding 61 merit-based scholarships for the children of the staff. Divided into 3 levels, the fund was...

Thanksgiving Buffet at Nimman Bar Grill, Kantary Hills Hotel, Chiang Mai

On 22 November from 6 p.m. to 10 p.m., at Nimman Bar & Grill, Kantary Hills Hotel, Chiang Mai, we invite you to join us at a Thanksgiving Festival Buffet. We follow the lead of the USA as our chefs prepare a delicious celebratory Buffet Dinner with...

Related Topics