Thursday 14, January 2016

Dubai – MENA Herald: Capping off a stellar year, the Dubai-based Novus Aviation Capital LLC announced that it has completed the sale of multiple assets during 2015 to reinforce its credentials as one of the world’s fastest growing aircraft leasing, trading and management companies. In addition to acquiring multiple twin-aisle aircraft through sale and leaseback, Novus sold four assets from its portfolio in 2015: two young 777-300ER, a 10-year-old 737-800, and a 22-year-old 747-400.

“These transactions underscore Novus’ ability to trade across different aircraft types, vintages and different buyer profile,” stated Mamoun Kuzbari, Managing Director at Novus. “While our aim is to grow the Novus portfolio qualitatively, we also remain active on the trading front with other lessors and aviation investors.”

“Our growing network of different type of trading partners allows us to trade young liquid assets as well as mature assets. We are confident of trading more aircraft in 2016,” Kuzbari added.

Overall, in 2015, Novus added over US$800 million net worth of assets to its portfolio, which now stands at over US$3 billion.