Novus Aviation Capital expands portfolio with acquisition of three Boeing 737-900ER aircraft

Monday 01 August 2016

Dubai - MENA Herald: Novus Aviation Capital (“Novus”), a leading global aircraft leasing platform based in Dubai, has announced the acquisition of three Boeing 737-900ER aircraft from PT Lion Mentari Airlines (“Lion Air”), which have been placed on long operating leases with the airline.

The successful conclusion of the sale and leaseback transaction with the Indonesian low-cost carrier further expands Novus’ aircraft management fleet.

“We are delighted to have concluded this transaction with a leading low-cost carrier in the ASEAN region and to have added a new client and a popular Boeing 737 variant to Novus’ growing portfolio,” commented Mounir Kuzbari, Novus’s Managing Director. “We hope this will be the first of many such transactions with Lion Air.”

Edward Sirait, CEO of Lion Group, said, “We are very pleased to add Novus Aviation Capital to Lion’s panel of lessors and, as we move forward, we hope to expand and deepen our cooperation to our mutual benefit. Also, being the launch customer for the B739ER, we are glad to note that the number of investors in this aircraft type continues to see a steady increase.”

Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. Established over 22 years ago, the Novus team operates out of its four global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about USD 3 billion.

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