ACIA has signed a conditional purchase agreement to acquire three Dash 8-400 aircraft from De Havilland Aircraft of Canada.
Brett Hurst, group managing director of ACIA Aero Capital, said: “The Dash 8-400 aircraft is a core part of ACIA’s long term strategy as it seeks to grow and diversify its fleet of 50 turboprop and regional jet aircraft.
“The Dash 8-400 is an aircraft type we have wanted to invest in for a long time now, and represents a significant opportunity for ACIA. In particular, the versatility of the aircraft -- with passenger capacity up to 90 seats -- offers real opportunities to meet varied lessees’ operational environments and requirements.
"In addition, the residual values of the Dash 8 family of aircraft have proved to be very strong and dependable -- making this an ideal investment for our portfolio.”
The newly appointed chief executive officer of ACIA Aero Leasing, Mick Mooney has said that he sees significant opportunities in growth markets with the Dash 8-400 aircraft.
“In addition to the three covered under this purchase agreement, we plan to add several more Dash 8-400 aircraft in the coming years to further diversify our current portfolio.
“We expect the Dash 8-400 aircraft program to thrive under the management of De Havilland Canada and ACIA looks forward to being a part of that success.”
ACIA plans to open a regional office in Canada by January 2020 to boost its presence in North America and grow its portfolio.