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

Lockheed's jobs plan as part of 2030 vision

As Saudi Arabia targets an aerospace and defence manufacturing revolution, Lockheed Martin looks to play its part. Beth Stevenson reports

Flydubai integrates FedEx Web services technology

Flydubai and Swiss Aviation Software (Swiss-AS) have integrated the Flydubai Engineering Maintenance System (AMOS) with FedEx Web Services, which are designed to enhance air waybill generation and the transition towards paperless

IndiGo begins new daily flights to Abu Dhabi International Airport

Abu Dhabi International Airport (AUH) has welcomed the IndiGo’s inaugural flight to and from India, commencing daily flights that connect the UAE capital with Cochin International Airport (COK) and Calicut International Airport

Alpha Aviation Academy appoints new general manager

Alpha Aviation Academy (AAA), one of the Middle East’s leading pilot training providers and the second largest provider of the Multi-Crew Pilot Licence (MPL) in the world, has appointed a new general manager.

Etihad Airways and Tadweer launch pioneering project to turn municipal waste into jet fuel

Etihad Airways and Abu Dhabi Waste Management Center (Tadweer)are set to collaborate on a landmark research project to explore how municipal waste can be converted into jet fuel.

GKN Aerospace and UTAS sign lifetime Repair License Agreement

GKN Fokker Services and UTC Aerospace Systems (UTAS) have entered into a lifetime Repair License Agreement to support UTAS’ hydraulic flight control components of the Bombardier CRJ200 and CRJ700/900/1000 aircraft in the EMEA and

TAA SK0902311218
See us at
BIAS BT271017161118AviationShowBT1110141118MEBAA BT1004121218AIME19BTA3005120219MarrakechAirshow BT2507241018GATM BT1004061118Aviation Africa BT0607280219MAPS18_BT1207131118