Island Air held a blessing and naming ceremony on Wednesday for the first of three new Q400 turboprop airplanes.
Dublin-based lessor Elix Aviation Capital (Elix) announced that it has successfully closed a financing facility for two Bombardier Q400 aircraft arranged by DVB Bank, London Branch. These turboprop aircraft are the first two of three aircraft, which will be delivered to Hawaii Island Air, operating as Island Air, from the Canadian manufacturer. Island Air President and CEO David Uchiyama told Pacific Business News that the certificate with Elix Aviation Capital Limited allows the airline to receive up to seven Q400 aircraft, which he expects to be fulfilled by the end of 2017. “The launch of our first new Q400 aircraft is a significant milestone not just for the Island Air team, but also for residents and visitors who travel between the Hawaiian Islands to visit family, conduct business and to enjoy our special island lifestyle,” said David Uchiyama, president and chief executive officer, Island Air. The Q400 is 30% faster, burns 30% less fuel, and has a seating capacity of 78 passengers per flight.
The leasing company said that the aircraft would be placed on a long term operating leases. Milbank acted for Elix as lessor’s counsel while Clifford Chance represented DVB.