MIG Aviation 3 Limited, a subsidiary of Marfin Investment Group Holdings S.A. of Greece, has signed a firm order for eight Q400 aircraft from Canada’s Bombardier Aerospace, including five Q400 NextGen turboprops.
The deal worth US$ 224 mln was signed on the sidelines of the Paris Air Show at Le Bourget on Tuesday and includes options on an additional eight Q400 NextGens that would increase to $468 mln if the eight options are exercised.
The Q400 and Q400 NextGen aircraft will be operated by Pantheon Airways under the Olympic Air brand name. Pantheon Airways acquired certain assets of Olympic Airlines and Olympic Airways from the Government of Greece earlier this year.