Novus Aviation and First Energy Bank have completed their first acquisition of a brand new A330 from Airbus. The aircraft, an A330-300 MSN 1281, was delivered on January 23rd 2012 in Toulouse, France to Malaysia Airlines System Bhd (MAS). The aircraft is only lease to MAS for 12 years.
Novus Aviation President, Safwan Kuzbari, said “This transaction builds on our long-term relationship with MAS that has been one of our clients for over 12 years. Starting the year with Novus’ first delivery from Airbus is a great beginning for what looks likely to be a very busy year for Novus. Novus Aviation is happy to be partnering with such a world-class organisation such as FEB on this transaction. We also wish to thank our financing partner, Nord L/B, for their support.”
Nord L/B provided non-recourse financing for this transaction and was advised by VedderPrice. Stephenson Harwood advised FEB and Novus while Norton Rose advised MAS.
About Novus Aviation
Novus Aviation enjoys over 30 years of global experience in the aviation industry, covering different segments of commercial jet aircraft business including trading, leasing, financing, management and remarketing. At present, Novus’ co-owned and managed portfolio has an aggregate value of around US$ 1 billion and comprises modern Airbus and Boeing aircraft types including A319/320/321, A330, A340, B737NG, B747, B767, B777, and MD11CF.
