Tamweel Aviation Finance, the partnership fund of Novus, Airbus, DBJ and NordLB managed by Novus, is delighted to confirm the closing of its first single-aisle transaction with Virgin America covering three new A320 aircraft due for delivery in the first half of 2016. Mounir Kuzbari, Managing Director of Novus commented; “We are particularly pleased to have secured this financing with Virgin America as it clearly demonstrates the broad appeal of the Tamweel finance lease product which has now been utilized by first-tier airlines on the widest range of Airbus aircraft from the A320 family to the A380”. According to Anthony Mosse, Vice President of Finance and Treasurer at Virgin America, “we are excited by this new partnership with Tamweel, which is an important part of the financing commitments obtained by Virgin America for our 10 new A320 aircraft that are being delivered between mid-2015 and mid-2016.”
About Novus Aviation Capital:
Novus Aviation Capital is an independent privately held aircraft leasing and financing platform focused on investing in commercial aircraft assets. Established over 20 years ago, the Novus team operates out of its four global offices in the Middle East, Europe and Asia. Novus currently co-owns and manages aircraft related investments in excess of $2bn. Novus offers airlines and aircraft owners comprehensive aircraft funding solutions and provides tailor-made investment products to investors. Novus’s aircraft portfolio includes A321/A330/A340/A380s as well as B737-800 and B747/B777s.