Subscribe Free
in Business Aviation / Business & Finance

EBACE: New business aviation leasing company for Dubai

Posted 20 May 2014 · Add Comment

Dubai is to be the home of a new executive jet leasing company

Veling Tayara which is setting out to offer innovative leasing structures and simple and straightforward. “off balance sheet” financing is headed by former Embraer Executive Jets chairman Ernie Edwards and former Embraer vice president of sales for Europe, Middle East and Africa, Colin Steven who is managing director of the new company.
“Our structured finance model provides more than just an operating lease package for a client’s business jet. Instead of tying up an owner’s cash, an operating lease will permit the owner to invest in appreciating assets instead of depreciating capital equipment,” Edwards says.
The new venture will be headquartered in Dubai and is part of Mauritius-based airline leasing firm Veling headed by former Air Mauritius chief Nirvan Veerasamy
“Veling Tayara will remove the burden of owning the asset and provide inherent options throughout the lease period. It will provide flexible operating leases designed to clients’ individual needs, permitting upgrades to larger, newer aircraft as the business grows.” Steven said.
“Together, my board and I believe there is a service we can provide the business jet financing world that places the client in the enviable position of not having to worry about aircraft disposal at the end of the lease. At that time, the operator can have the simple choice of either extending the lease or returning the aircraft. It’s as simple as that,” Edwards said.

PICTURED: Steven, Edwards and Veerasamy at today's launch at EBACE

* required field

Post a comment

Other Stories
Advertisement
Latest News

All-change on the Turkish aero-design front

Turkey says it plans to design and build a brand-new passenger aircraft midway through the coming decade. But, asks Alan Dron, what does this mean for its previously announced intentions to revive a 1980s design?

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

TAA SK0902311218
See us at
SOFEX BT2018AirportShow BT1502090518Istanbul Airshow BT22018BIAS BT271017161118ASDubai BT1004091018MEBAA BT1004121218Global Aerospace BT2018GATM BT1004061118Cargo BT1004091018ArabianTravelMkBT250418