Subscribe Free
in Business & Finance

Novus seals purchase and leaseback deal for EK Boeing 777-300ER

Posted 4 October 2016 · Add Comment

The aircraft leasing platform Novus Aviation Capital has successfully closed the purchase and leaseback for an additional brand new Boeing 777-300ER with Emirates Airline. Novus says the aircraft was delivered to Emirates last week and will be on a long-term lease taking the airline's B777-300ER fleet to 122. This is the fourth B777-300ER transaction completed by Novus with Emirates this year.

“With the uninterrupted growth plans of Emirates, we will always look at innovative and competitive leasing and financing solutions that will benefit the airline,” said Novus’ Managing Director Hani Kuzbari.(Pictured right)

Nirmal Govindadas, Emirates’ Senior Vice-President Corporate Treasury, said: “Our financial strength and solid track record continue to enable us to secure funding in the global market to invest in new aircraft and expand our wide-body portfolio. We are pleased to finalize this transaction, and we will continue to look for innovative financing opportunities to support our growing fleet.”

Novus has so far completed sale and leaseback and financing transactions worth close to US $1 billion this year on both single and twin-aisle aircraft operated by airlines in the Middle East, Asia and the Americas.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

CCD to create control rooms for Abu Dhabiís new Midfield Terminal

CCD Design and Ergonomics has been appointed to design and create four new control rooms at the new Midfield Terminal at Abu Dhabi International Airport.

Ras Al Khaimah wins Middle Eastís Leading Adventure Destination 2018í award

Ras Al Khaimah Tourism Development Authority (RAKTDA) has celebrated two major wins at The World Travel Awards 2018.

Etihad Airways to host AI Robot Sophia at ATM

Etihad Airways will introduce Humanoid Robot Sophia to the UAE as a spokesperson for the future of innovation and technology in aviation at ATM.

İstanbul New Airport will house 451-room hotel to be operated by YOTEL

İGA, the constructer and operator of İstanbul New Airport (İNA) for 25 years,and YOTEL, the London based hotel group, have signed an exclusive hotel management contract.

Emirates wins four gongs at World Travel Awards Middle East 2018

Emirates has been recognised at the World Travel Awards Middle East 2018 with four awards - Middle Eastís Leading Airline, Middle Eastís Leading Airline Brand, Middle Eastís Leading Business Class Airport Lounge and Middle Eastís

Emirates Aviation University receives official visit from Dubai Police

Emirates Aviation University has welcomed Major-General Abdullah Khalifa Al Marri, commander-in-chief of Dubai Police at its main campus at Dubai Academic City.

SOFEX SK2018
See us at
GATM BT1004061118Cargo BT1004091018ASDubai BT1004091018Global Aerospace BT2018Istanbul Airshow BT22018AirportShow BT1502090518MEBAA BT1004121218ArabianTravelMkBT250418SOFEX BT2018BIAS BT271017161118