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Novus Aviation Capital completes the sale and leaseback of two Boeing 737 MAX 8 with flydubai

Dubai, United Arab Emirates  28th July 2021:  Novus Aviation Capital, today announced it has completed the sale  and leaseback of two Boeing 737 MAX 8 aircraft, carrying a list price of over USD 240 million,  with flydubai. The two aircraft were delivered to flydubai at the end of June 2021. The completion of this transaction further expands Novus’ portfolio and customer base and showcases its continued support to its airline customers globally covering competitive operating and finance lease transactions.

Commenting on the transaction, Ghaith Al Ghaith, Chief Executive Officer of flydubai, said: “we would like to thank the team at Novus Aviation Capital for the support that they have extended to us for the sale and leaseback for the two Boeing 737 MAX 8 aircraft delivered in June.  Sale and leaseback is integral to our financing strategy and although this is our first transaction that we have completed together we hope that there will be an opportunity to do more in the future.”

“We are delighted to complete this transaction with flydubai and welcome the airline to our growing list of customers as well as support the resumption of Boeing 737 MAX aircraft deliveries in the United Arab Emirates,” said Hani Kuzbari, Co-Chief Executive Officer, Novus Aviation Capital. “flydubai has demonstrated its strength in the way it has managed the pandemic and today the airline has enjoyed a very strong recovery and is in a very good position to capture pent-up passenger demand. Novus is keen on supporting the airline in its growth and delivery stream in the coming years,” he added.

-ENDS-

About Novus Aviation Capital:

Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. Established over 27 years ago, the Novus team operates out of its five global offices in the Middle East, Europe, and Asia. The company currently co-owns and manages aircraft-related projects worth approximately USD 4 billion.

Visit www.novus.aero for more information

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