Dublin-based Lessor Elix Acquires Three Bombardier Q400 NextGen Aircraft

TORONTO, ONTARIO—(Marketwired – Jan. 21, 2015) – Global Airfinance Conference Dublin – Bombardier Commercial Aircraft today welcomed leasing company Elix Aviation Capital Limited (“Elix”) to the family of Q400 aircraft owners and operators. Elix is taking an assignment of three Q400 NextGen aircraft previously booked by an existing Bombardier customer.

Dublin-based Elix was launched in September 2013 with the equity backing of Oaktree Capital Management, a premier global alternative investment firm managing funds in excess of $90 Billion US.

“The Q400 NextGen aircraft is ideally suited to meet the needs of regional airlines as their demand for new-generation turboprops increases worldwide,” said Antonis Simigdalas, Chief Executive Officer, Elix Aviation Capital Limited. “We have noted the Q400 NextGen aircraft’s proven operational capability and performance and are confident that it will be an outstanding asset in our portfolio.”

“As the number of Q400 aircraft owners and operators continues to grow, we are very pleased to add Elix to our family,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “As active investors in turboprop aircraft, and with a worldwide customer base that includes operators on every continent, Elix is well positioned to extend the global reach of the Q400 aircraft even further – bringing the aircraft to an ever increasing number of communities.”