Bahrain-based Islamic Investment bank, Ibdar Bank successfully concludes the structuring of a 12-year agreement expiring in 2026 for acquiring four brand new Bombardier Q400 Next Gen aircrafts and leasing them to the Ethiopian Airlines. The deal that was structured under a joint venture with Dubai-based operating lessor Palma Holding, marked the first ever Sharia-compliant transaction in Africa's aviation sector.
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