Novus Aviation Capital has sold two B767-300ER aircraft, on lease to Condor. Simultaneously with the sale, Novus arranged a lease extension until 2019 for the two aircraft with the German airline. The aircraft have been with Condor since new; Novus acquired them in sale and leaseback transaction in 2004.
“We are happy to have concluded this trade demonstrating Novus’ ability to transact on a multitude of aircraft types including the mid-life segment” said Mamoun Kuzbari, Executive Vice President. “We have thoroughly enjoyed working with the Thomas Cook and Condor teams for over 10 years and look to expanding our relationship with new opportunities in the near future.”
About Novus Aviation Capital
Novus Aviation Capital is an independent privately held aircraft leasing and financing platform, focused on investing into commercial aircraft assets. Established over 19 years ago, the Novus team operates out of its four global offices and currently co-owns and manages aircraft related investments in excess of a $1.5bn. Novus offers airlines and aircraft owners comprehensive capital raising solutions and provides tailor-made investment products to investors. Novus’s aircraft portfolio includes A320/330/A340s as well as B737-800 and B747/B777s.