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ACG and Novus Close Financing for A321neo LRs

Novus Aviation Capital and Aviation Capital Group have partnered up to provide financing for two Airbus A321neo LR aircraft for TAP Air Portugal. ACG provided a senior secured loan while Novus’s Tamweel Aviation Finance (TAF) fund provided mezzanine financing, together offering the airline an attractive and comprehensive financing solution.

“We are delighted to complete this transaction with both ACG and TAP, continuing to support an existing airline customer,” said Mamoun Kuzbari, Chief Commercial Officer, Novus Aviation Capital. “Not only are we building on our relationship with this additional financing for TAP, but we are also very proud to have a strong foundation with ACG that will allow both parties to collaborate on future opportunities. This debt structure is an attractive value proposition and the combination of asset type and stakeholders involved makes it appealing for both Novus and Tamweel Aviation Finance, one of the industry’s leading mezzanine loan providers.”

 

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