Font Size

- Aa +

Mon 8 Aug 2016 01:42 PM

Font Size

- Aa +

Dubai's Novus acquires three Boeing aircraft from Lion Air

Aircraft leasing firm says the 737 aircraft have been placed on long operating leases with the airline

Dubai's Novus acquires three Boeing aircraft from Lion Air

Dubai-based Novus Aviation Capital, an aircraft leasing platform, has announced the acquisition of three Boeing 737-900ER aircraft from PT Lion Mentari Airlines, which have been placed on long operating leases with the airline. 

The successful conclusion of the sale and leaseback transaction with the Indonesian low-cost carrier further expands Novus’ aircraft management fleet, it said in a statement. 

“We are delighted to have concluded this transaction with a leading low-cost carrier in the ASEAN region and to have added a new client and a popular Boeing 737 variant to Novus’ growing portfolio,” commented Mounir Kuzbari, Novus’s managing director.

“We hope this will be the first of many such transactions with Lion Air.” 

Edward Sirait, CEO of Lion Group, added: “We are very pleased to add Novus Aviation Capital to Lion’s panel of lessors and, as we move forward, we hope to expand and deepen our cooperation to our mutual benefit. Also, being the launch customer for the B739ER, we are glad to note that the number of investors in this aircraft type continues to see a steady increase.” 

Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. It operates out of four global offices in the Middle East, Europe and Asia and currently co-owns and manages aircraft-related projects worth about $3 billion.

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.