Subscribe Free
in Air Transport

Veling purchases and leases an A380 to Emirates

Posted 17 May 2017 · Add Comment

Veling, an aircraft leasing company headquartered in Mauritius, has purchased a new Airbus A380 and has leased it back to Emirates Airline.

“It is indeed an honour to partner with Emirates Airline and close a lease agreement for our first A380. For our team at Veling, this deal is a testimonial of our commitment and value propositions, which we have adhered to since our inception in 2002. Veling has grown into a valuable partner for airlines in a highly competitive international aircraft leasing market,” said Uday Nayak and Nirvan Veerasamy, co-founders of Veling.

“This acquisition is not only a milestone for Veling, but it is also gratifying to have the confidence of Emirates in our capability to close such a complex transaction in the required timescale.”

“Emirates’ long-standing financing strategy and our solid reputation with global financial institutions give us the ability to access international funding, and garner support in the global market to grow our fleet of wide-bodied aircraft, which is a cornerstone of our growth strategy. Our partnership with Veling has spanned over a decade and we are pleased to close this lease agreement with them for our 95th A380,” said Nirmal Govindadas, senior vice president corporate treasury for Emirates.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Flyadeal announces Abha as its newest destination

Flyadeal, Saudi Arabia’s Everyday Low Fares Airline, will add Abha to its growing route network this month.

Turkish Airlines' mobile app offers discount flight tickets

Turkish Airlines now offers 15% discount on its all domestic and international flights for passengers who download the latest version of the carrier' mobile app.

Qatar Airways hightlights 'Qsuite' at Kuwait Aviation Show

Qatar Airways showcased its patented, award-winning new Business Class seat, Qsuite, for the first time in 2018 at the Kuwait Aviation Show, along with the airline’s ultra-modern extra-wide body Airbus A350-900.

Turkish Technic and Onur Air sign Pool contract

Onur Air has signed component repair and access (pool) contract with Turkish Technics for its Airbus A330 aircraft. The contract will be effective until 2023.

Etihad Airways executive embarks on round the world record attempt

Senior Etihad Airways executive, Andrew Fisher, embarks on a journey of a lifetime on 21 January when he attempts to break the world record by flying around the globe in the shortest time frame on scheduled flights, and with the fewest

Alliance takes interior design to a new dimension

Strata Manufacturing, Etihad Airways and German company, Siemens, have come together to create the Middle East’s first 3-D printing service for aircraft cabin parts. Alan Dron reports.

Aviation Africa SK18418
See us at
BIAS BT271017161118Istanbul Airshow BT22018Abu Dhabi AirExpo BT2018ArabianTravelMkBT250418MEBAA BT2018Aviation Africa BT18418Saudi Future Airports BT150318Global Aerospace BT2018AIME BT1204240118