Novus Aviation Completes Al Salam Bank’s Acquisition of one B777-200ER on Lease to MAS

Novus Aviation Group in a joint partnership between Al Salam Bank in Bahrain and Novus investment related company MPL has completed the purchase of one B777-200ER s/n 28417 aircraft on lease to Malaysian Airlines. This Islamically-compliant aircraft transaction involved the combination of equity and debt in a unique structure optimized to deliver high yield investment returns. Novus Aviation Group, the asset manager and pioneer in Islamic aircraft structuring and leasing, will be responsible for the day-to-day management of the aircraft. This transaction is the 18th Islamically-structured transaction that Novus has managed.