Novus Launches Tamweel Aviation Finance II to Fund Airbus Aircraft Acquisitions
Following the success of Tamweel Aviation Finance (TAF), Novus Aviation Capital, a Dubai-based aircraft leasing and funding company, has revealed the launch of its second junior financial debt fund dedicated to the financing of Plane airplane. Tamweel Air Travel Financing II (TAF II) is a partnership in between Airplane, Advancement Bank of Japan Inc., Norddeutsche Landesbank and Airbus Group Bank.
The vehicle be managed by Novus and will certainly focus on providing attractive junior and mezzanine financing options to both airline companies and leasing firms. Released in July 2013 in response to a quickly altering aircraft financing atmosphere, TAF has currently fully committed its allotted funds.
" We are extremely delighted with the launch of the second edition of our junior debt platform and would love to thank our companions for their ongoing assistance. The growth expectation of the airline company industry together with the huge distribution stream are expected to drive a raising demand for this type of funding product," stated Mounir Kuzbari, Managing Director at Novus.
" Building on the experience and success of the very first Tamweel Aeronautics Fund, we visualize a fantastic future for TAF II with, once again, a great deal of value being provided to our customers through innovative financing remedies. The collective way of collaborating with our financing partners has actually verified to be superb; we thank them quite for this and look forward to more developing the partnership," stated Nigel Taylor, SVP Funding and Guarantees, Airbus.
" Because DBJ strongly believes junior loan will support money task for airlines and lessors, we are extremely delighted with TAF II's effective closing and think that this fund will certainly make terrific contributions to the industry. The partnership with Novus, Airbus, Airplane 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 effective future," said Masashi Kumagae, General Manager at Growth Bank of Japan Inc. " Within the last couple of years, Tamweel Aviation has actually been established as one of the leading service providers of junior financial debt in the Aircraft Money Market. The performance of the vehicle and the calculated worth it contributes to our business version is even more than we had expected prior to participating 2014. Hereof, because the dedications assigned to TAF are currently totally spent, we enjoy to more participate in this success tale by joining TAF II as a worthwhile successor," commented Oliver Gruenke, Director at Norddeutsche Landesbank.
About Novus Aviation Capital:
With 24 years of airplane leasing, funding and trading experience, Dubai-based Novus is among the world's fastest expanding airplane leasing financing platforms on the planet. Operating around the world from 5 workplaces in Europe, Asia and the Middle East, the company has an aircraft profile under the management of around 50 airplane worth nearly $4 billion.
