Dubai – MENA Herald: Tamweel Aviation Finance, the partnership fund of the Dubai-based Novus Aviation Capital, Airbus, DBJ and Nord/LB, managed by NAC, is delighted to confirm the closing of its first single-aisle transaction with Virgin America covering three new A320 aircraft due for delivery in the first half of 2016.

Mounir Kuzbari, Managing Director of Novus Aviation Capital, commented: “We are particularly pleased to have secured this financing with Virgin America as it clearly demonstrates the broad appeal of the Tamweel finance lease product, which has now been utilized by first-tier airlines on the widest range of Airbus aircraft from the A320 family to the A380”.

According to Anthony Mosse, Vice President of Finance and Treasurer at Virgin America, “We are excited by this new partnership with Tamweel, which is an important part of the financing commitments obtained by Virgin America for our 10 new A320 aircraft that are being delivered between mid-2015 and mid-2016.”