New Aircraft Finance Venture

Dubai-based Novus Aviation Capital, the Development Bank of Japan (DBJ) and Airbus have set up Tamweel Aviation Finance (TAF), which will focus on providing funding for widebody Airbus aircraft purchases. “This venture was largely initiated based on feedback received from our airline clients looking for new products with higher advance rates to supplement traditional financings currently available for new aircraft deliveries,” said Hani Kuzbari, EVP at Novus.

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