Dubai – Mubasher: Novus Aviation Capital (NAC) has closed a $423 million (AED 1.55 billion) facility deal with BNP Paribas and MUFG Bank to finance an order for four Boeing 777-300ER aircraft.
Scheduled for delivery in 2020, the four long-range wide-body jets are planned to be leased to a leading European carrier, the UAE-based company said in a statement released on Wednesday.
“Completing this financing deal, with two of our key banking partners, further demonstrates Novus’ ambitious growth plans and our ability to raise long-term asset-based financing,” NAC’s managing director Mounir Kuzbari said.
Novus is a private aircraft leasing platform invests commercial aircraft assets and operates out of its six global offices in the Middle East, Europe, and Asia.
