success of Tamweel Aviation Finance (TAF), Novus Aviation Capital, a
Dubai-based aircraft leasing and financing company, has announced the launch of
its second junior debt fund dedicated to the financing of Airbus aircraft.
Tamweel Aviation Finance II (TAF II) is a partnership between Airbus,
Development Bank of Japan Inc., Norddeutsche Landesbank and Airbus Group Bank.
will be managed by Novus and will focus on providing attractive junior and
mezzanine financing solutions to both airlines and leasing companies. Launched
in July 2013 in response to a rapidly changing aircraft financing environment,
TAF has now fully committed its allotted funds.
“We are very
excited with the launch of the second edition of our junior debt platform and
would like to thank our partners for their continued support. The growth
outlook of the airline industry along with the large delivery stream are
expected to drive an increasing demand for this type of financing product,”
said Mounir Kuzbari, Managing Director at Novus.
the experience and success of the first Tamweel Aviation Fund, we foresee a
great future for TAF II with, again, a lot of value being delivered to our
customers through innovative financing solutions. The collaborative way of
working with our financing partners has proved to be excellent; we thank them
very much for this and look forward to further developing the partnership,”
said Nigel Taylor, SVP Financing and Guarantees, Airbus.
strongly believes junior loan will support finance activity for airlines and
lessors, we are very pleased with TAF II’s successful closing and believe that
this fund will make great contributions to the industry. The partnership with
Novus, Airbus, Airbus Group Bank, and Norddeutsche Landesbank was the core of
the previous fund success and we have no doubt that this will also lead TAF II
and the industry to the successful future,” said Masashi Kumagae, General
Manager at Development Bank of Japan Inc.
the last few years, Tamweel Aviation has been established as one of the leading
providers of junior debt in the Aircraft Finance Market. The performance of the
vehicle and the strategic value it adds to our business model is even higher
than we had expected before joining in 2014. In this regard, since the
commitments allocated to TAF are now fully invested, we are happy to further
participate in this success story by joining TAF II as a worthy successor,”
commented Oliver Gruenke, Director at Norddeutsche Landesbank.
With 24 years
of aircraft leasing, financing and trading experience, Dubai-based Novus is one
of the world’s fastest growing aircraft leasing financing platforms in the
world. Operating globally out of five offices in Europe, Asia and the Middle
East, the company has an aircraft portfolio under the management of around 50
aircraft worth nearly $4 billion.