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Novus Aviation has extended the lease of two B767-300ER

Novus Aviation has extended the lease of two B767-300ER (MSN 26991 and 26984) to Condor Flugdienst, in Germany, for 53 months. The extended lease term of both aircraft will expire in November 2016. The aircraft have been on lease to Condor since December 2004. The two B767s form Dubai Islamic Bank’s aircraft fund, managed by Novus Aviation.

The closing of the lease extension was concurrent with that of refinancing provided by DVB Bank.

“Novus values its relationship with all its lessees and is pleased to extend the relationship with Condor and the Thomas Cook Group through this lease.” Charles Yeterian, Novus Aviation Senior Vice-President Leasing & Financing, said.”This is one of many transactions that have been keeping our remarketing division busy the last 12 months – a dozen of aircraft Novus manages have been either sold, extended or bought in the period of time. The success of those campaigns will help Novus concentrate on expanding its managed fleet over the next months.” 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.

For further information please visit: www.novus.aero

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