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Novus in Lion Air sale and leaseback deal

Posted 1 August 2016 · Add Comment

Novus Aviation Capital the Dubai-based global aircraft leasing platform has acquired three Boeing 737-900ER aircraft from PT Lion Mentari Airlines ('Lion Air'), which have been placed on long operating leases with the Indonesian low-cost carrier

 The sale and leaseback transaction adds a new client to the leasing platform’s client portfolio in what Mounir Kuzbari, Novus Managing Director hopes “will be the first of many such transactions with Lion Air.”

Edward Sirait, CEO of Lion Group, said the airline hopes “to expand and deepen our cooperation to our mutual benefit.”
Novus is an independent, privately-held aircraft leasing platform focused on investing in commercial aircraft assets. Established over 22 years ago, the Novus team operates out of four global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about $3 billion.

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