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Novus Aviation Capital closes purchase and leaseback transaction with Emirates Airline for an additional Boeing B777-300ER

posted on Oct 3, 2016

Novus Aviation Capital closes purchase and leaseback transaction with Emirates Airline for an additional Boeing B777-300ER

Dubai, UAE – 3 October 2016: Novus Aviation Capital has successfully closed the purchase and leaseback for one additional brand new Boeing B777-300ER with Emirates Airline (msn 42337). The aircraft was delivered to Emirates on September 23, 2016 and will be on a long-term lease. This would be the fourth B777-300ER transaction completed by Novus with Emirates this calendar year. This would also be Emirates’ 122nd B777-300ER.

“Emirates continues to be an important customer for Novus, and this fourth additional B777 acquisition this year, is a testimony of our continued support to the airline,” said Hani Kuzbari, Managing Director at Novus. “With the uninterrupted growth plans of Emirates, we will always look at innovative and competitive leasing and financing solutions that will benefit the airline,” he added.

Nirmal Govindadas, Senior Vice-President Corporate Treasury for Emirates, 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 USD 1 billion this year on both single and twin-aisle aircraft operated by airlines in the Middle East, Asia and the Americas. 

*Source: TRACCS UAE

 

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