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Thu 23 Nov 2017 02:08 PM

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Novus completes Emirates deal for two Boeing 777 planes

Novus Aviation Capital says it has closed the purchase and leaseback of aircraft to Dubai airline

Novus completes Emirates deal for two Boeing 777 planes

Novus Aviation Capital has said it has closed the purchase and leaseback for two additional new Boeing B777-300ERs with Emirates Airline.

The two aircraft were delivered to Emirates in August and November, respectively, and will be on long-term leases, the company said in a statement.

This supplements Novus’ existing B777 and A380 portfolio of financed and leased aircraft to Emirates, it said, adding that the Boeing 777-300ER delivered in November is the airline’s first to feature its latest cabin interiors, including the new First Class suite.

“This is another key milestone in our strong working cooperation with Emirates. Completing the financing and leasing of deals representing multiple billions of US dollars to a single customer over the last decade, despite industry shocks and challenges, is a feat we are proud of, and we will continue extending the same level of commitment to our airline customers,” said Hani Kuzbari, managing director at Novus.

Novus has a portfolio of around $4 billion comprising close to 50 aircraft including both single and twin-aisle aircraft operated by airlines in the Middle East, Europe, Asia, and the Americas.

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