Subscribe Free
in Business & Finance

Novus closes the deal on Emirates 777s

Posted 21 November 2017 · Add Comment

Novus Aviation Capital has successfully closed the purchase and leaseback for two additional brand-new Boeing B777-300ERs with Emirates Airline (MSN 42351 and 42353) the company said today.


The two aircraft were delivered to Emirates in August and November 2017, respectively, and will be on long-term leases. This supplements Novus’ existing B777 and A380 portfolio of financed and leased aircraft to Emirates.
The Emirates’ Boeing 777-300ER delivered in November is the airline’s first aircraft to feature its latest cabin interiors, including the new first class suite which was on show at last week’s Dubai Airshow.
Nirmal Govindadas, senior vice-president – corporate treasury for Emirates, said: “Emirates’ ongoing innovation investments to enhance the customer experience has helped us maintain a competitive edge in the industry setting benchmarks not only for premium travel but across all classes. Our latest 777 cabin interiors, including the game changing new first class suite is a real milestone for Emirates, and we are pleased that the aircraft was financed by Novus. As a key lessor partner, Novus’ continued support in providing financing solutions demonstrates their confidence in our financial strength and solid track record of business performance.”
Hani Kuzbari, Novus’ managing director at Novus “This is another key milestone in our strong working cooperation with Emirates. Completing the financing and leasing of deals representing multiple billions of US dollars to a single customer over the last decade, despite industry shocks and challenges, is a feat we are proud of, and we will continue extending the same level of commitment to our airline customers,.”
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates to link Phnom Penh and Bangkok with new daily service

The service from Dubai to Phnom Penh, via Bangkok, will provide passengers travelling between the capital cities of Cambodia and Thailand with more flight options.

Emirates celebrates 20 years of services to Lahore and Islamabad

Emirates has marked 20 years of successful operations in Lahore and Islamabad, two of Pakistan’s most populous cities. The airline has recorded solid year-on-year growth in Lahore and Islamabad over the years, carrying more than 8.4

Etihad Airways to deploy latest generation 787 Dreamliners on flights to China

Etihad Airways will introduce the Boeing 787-9 Dreamliner on its daily service from Abu Dhabi to Chengdu, effective 1 July 2019, replacing the Airbus A330-200 currently operating the route. Also from 1 July, the airlines’ daily service

Etihad Airways Engineering joins forces with Fabrica Argentina de Aviones

Etihad Airways Engineering has signed a collaboration agreement with Argentina’s main aircraft manufacturer, Fabrica Argentina de Aviones (FAdeA), to serve MRO customers in South America.

Upswing in investments in Middle East for efficient Air Traffic Control

The airline industry made history by registering its busiest day ever when a record-making 202,157 flights were monitored criss-crossing the skies the world over in June last year. More than 19,000 flights at once at the day’s peak were

Defence spending on the up in the Middle East

The Middle East is cited by Deloitte as one of the key regions that are expected to contribute to industry performance in the near term, in its 2019 global aerospace and defence industry outlook. It states that defence spending in the

ACCA19_SK0201080919
See us at
SaudiAirshowBT0711140319Connect MEIA BT1402010519IQPC 3CACBT290150319ACCA19_BT2141218280219Aviation Africa BT0607280219