Nord/LB Joins Novus Financing Platform

German bank Nord/LB has joined Novus Aviation Capital’s Tamweel Aviation Finance (TAF) platform, which offers financing options to airlines and lessors buying Airbus aircraft.

German bank Nord/LB has joined Novus Aviation Capital’s Tamweel Aviation Finance (TAF) platform, which offers financing options to airlines and lessors buying Airbus aircraft.

Backed the Development Bank of Japan, TAF was launched in September 2013 with the aim of providing secured junior and mezzanine loans for Airbus airliners, in particular its widebody models.

Nord/LB, which is one of Germany’s largest commercial banks, is to become a strategic partner in TAF, with the aim of expanding its activities.

TAF has underwritten the financing for Emirates Airlines purchase of three A380 aircraft and Novus’ MD Mounir Kuzbari has confirmed it is close to announcing a second finance deal with a “leading European carrier”.

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