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Emirates s/l with Novus for 777

21 January 2011

Dubai carrier Emirates has closed a sale/leaseback with Novus Aviation.

Tags: Emirates  |  Novus Aviation  |  Boeing 777-200ER  |  DVB Bank  |  Islamic finance  |  Hani Kuzbari

Emirates completed a sale/leaseback for one 777-200ER with Novus Aviation in January. This is the third deal between the two companies.

The acquisition was made through a fund co-owned and managed by Novus. The structure is Sharia compliant with conventional debt from DVB Bank. The structure was first developed and applied by Novus almost 10 years ago.

Emirates most recently...

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