Novus closes the deal on Emirates 777s

14550Novus Aviation Capital has successfully closed the purchase and leaseback for two additional brand-new Boeing B777-300ERs with Emirates Airline (MSN 42351 and 42353) the company said today.

The two aircraft were delivered to Emirates in August and November 2017, respectively, and will be on long-term leases. This supplements Novus’ existing B777 and A380 portfolio of financed and leased aircraft to Emirates.
The Emirates’ Boeing 777-300ER delivered in November is the airline’s first aircraft to feature its latest cabin interiors, including the new first class suite which was on show at last week’s Dubai Airshow.
Nirmal Govindadas, senior vice-president – corporate treasury for Emirates, said: “Emirates’ ongoing innovation investments to enhance the customer experience has helped us maintain a competitive edge in the industry setting benchmarks not only for premium travel but across all classes. Our latest 777 cabin interiors, including the game changing new first class suite is a real milestone for Emirates, and we are pleased that the aircraft was financed by Novus. As a key lessor partner, Novus’ continued support in providing financing solutions demonstrates their confidence in our financial strength and solid track record of business performance.”
Hani Kuzbari, Novus’ managing director at Novus “This is another key milestone in our strong working cooperation with Emirates. Completing the financing and leasing of deals representing multiple billions of US dollars to a single customer over the last decade, despite industry shocks and challenges, is a feat we are proud of, and we will continue extending the same level of commitment to our airline customers,.”

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