Airbus And ADNL Strike Financing Solution

Airbus has signed a memorandum of understanding (MoU) with Abu Dhabi National Leasing Company (ADNL) for it to provide financing solutions, such as sale and leasebacks, to Gulf airlines for their purchase of Airbus aircraft. ADNL is the lease finance subsidiary of the National Bank of Abu Dhabi (NBAD), Abu Dhabi’s largest bank. “We understand the power of connectivity to drive the economy,” said Yousef Abdulla Yousef, MD of ADNL. “The aviation industry contributes more than AED145bn ($40bn) to the UAE economy, justifying the region’s huge investments in airports and airline networks.” Harald Wilhelm, CFO for Airbus and EADS, stated: “In the current economic environment, investment in aircraft remains a very attractive proposition and we are pleased to expand our relationship with new players such as NBAD and ADNL.”

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