Falak Completed the Purchase and Lease of One A340-300 to Etihad Airways

Falak Investments Ltd, a joint venture company between MPL/UIB (Bahrain) and Novus Aviation Group has completed the purchase and lease of one A340-300 MSN 117 to Etihad Airways. Novus Aviation Group sourced the aircraft, arranged the financing, negotiated with all the parties and structured the entire transaction. Novus Aviation will remain as asset manager of the aircraft and will act as the aircraft lease manager to Etihad Airways PJSC. The financing on the acquisition was provided by Arab Banking Corporation (ABC).