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NCB Capital Announced Aircraft Portfolio

NCB Capital announced the acquisition of a portfolio of 21 commercial aircraft from AerCap Holdings.

The portfolio comprises a mix of narrow-body and wide-body Airbus and Boeing aircraft on lease to 14 airlines across the world. The acquisition of the portfolio is part-financed with a non-recourse term loan arranged by BNP Paribas, Citibank and Credit Suisse.

Sarah Al Suhaimi, CEO, NCB Capital, said, “Aircraft leasing is a fast growing industry that offers a unique and attractive diversification opportunity. We are delighted to have partnered with AerCap, the global leader in aircraft leasing, in this transaction that is the first of its kind in our market.”