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

UAE Space Agency conducting 14 Year of Giving events and initiatives

The UAE Space Agency is implementing 14 special events and initiatives as part of its activities for the Year of Giving, which was declared by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.

Travelport and Onur Air announce long term agreement

Travelport and Onur Air have announced a new, multi-year global full content agreement.

Oman Air welcomes a new Boeing B787-9 to its fleet

Oman Air has added a new Boeing 787-9 Dreamliner to its fleet which.

Qatar Airways adds third-daily to Bali

Qatar Airways has announced that commencing 7 May 2017, the airline will operate a third daily non-stop route from Doha's Hamad International Airport to Bali Denpasar.

AMC Airlines begins B737 Classic operations

Egypt's AMC Airlines has begun commercial B737-500 operations just over six months after its acquired three aircraft of the type from EgyptAir, reports ch-aviation.

Iraqi An-32s pressed into service as bombers

When operations by the so-called Islamic State (also known as Daesh) began to ramp up in 2014, the Iraqi Air Force was sorely lacking in close air support and ground attack capabilities.

EBACE17 SK0103240517
See us at
Airport Show Dubai BT 2017EBACE17 BT0103240517Aeropodium BT2802240417AIME BT1204240118