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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.
 

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