Formidion Aviation sold 19 Dash 8-400 aircraft to De Havilland

On 5th April Limerick Aircraft Fund Limited (LAFL) an Irish SPV wholly owned by Formidion Aviation Holdings Limited sold 19 Dash 8-400 aircraft to De Havilland Canada Ltd (De Havilland). Formidion and De Havilland have been working together to prepare these aircraft for return to service.

As a result of this transaction, De Havilland is taking responsibility for remarketing and preparing the aircraft for the next operator. De Havilland has already committed a number of these aircraft to customers and are being inducted into maintenance to be reconfigured and prepared for return to service. 

Brian Rooney Formidion’s Chief Executive Officer & Co-Founder, states that Formidion is very supportive of Dash 8-400 aircraft and this transaction is also a positive sign for the program. We are pleased to be a new lessor and asset manager that offers additional financing options to Dash 8 operators. 

Brian Stapleton Formidion’s Chief Commercial Officer & Co-Founder, states there is a growing market demand for the Dash 8-400 and by offering these aircraft to our airline customers, we can support their growth with high quality, efficient and long-lasting aircraft. 
 
Formidion Aviation is an indigenous Irish owned aircraft leasing and asset management business, headquartered in Dublin.