Abu Dhabi – Mubasher: The Abu Dhabi Global Market (ADGM) on Tuesday stated that it has been in the process of licensing three aviation leasing companies, namely: Airborne Capital, Stellwagen Group, and International Airfinance Corporation (IAFC).
The licensing of the three aviation companies is another milestone in Abu Dhabi’s progress to becoming a global aviation hub, the ADGM said in a statement.
“The interest from the three companies to join ADGM stemmed from the overall platform made available by the three authorities to provide an efficient, business-friendly, and successful integration into the region,” Dhaher Bin Dhaher Al Mheiri, the ADGM Registration Authority’s CEO, commented.
With 0% corporate tax and a variety of double taxation treaties, the ADGM represents an attractive destination for the tripartite aviation firms, the ADGM stated.
“Stellwagen is delighted to be working closely with the ADGM to launch a new leasing company in the near future. We see significant unique opportunities in the Gulf region for further growth,” David Butler, Stellwagen Group’s chief operations officer, concluded.
