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DVB and NBAD launch aviation fund
28 September 2009
The commercial aviation fund will lease aircraft and engines to airlines and is looking to acquire $1 billion in assets over the next two years.
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DVB Bank
NABD
National Bank of Abu Dhabi
Boeing
Airbus
DVB Bank and the National Bank of Abu Dhabi (NBAD) are setting up a $1 billion aviation fund to lease aircraft and engines in a new joint venture undertaking.
The fund, which is set to launch by year-end, will be managed by NBAD and DVB, which will also invest into the fund alongside an...
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