The Long-Range Wide-Body Aircraft Will Be Leased To A Leading European Carrier

Novus Aviation Capital, the global aircraft leasing and financing company, has secured a limited recourse facility of $423 million with BNP Paribas and MUFG Bank to finance its order of four Boeing 777-300ERs (Extended Range).

The order, announced during the Farnborough Airshow in 2018, represents Novus’ first direct order with a manufacturer at a list price of $1.4 billion. Scheduled for delivery in 2020, the four long-range wide-body twin-engine aircraft will be leased to a leading European carrier once operational.

"Completing this financing deal, with two of our key banking partners, further demonstrates Novus’ ambitious growth plans and our ability to raise long-term asset-based financing. This year marks Novus’ 25th anniversary and, as we have done from our very first day of operations, we continue to grow in what is a challenging and competitive sector," said Mounir Kuzbari, Managing Director at Novus Aviation Capital. "We have a strong pipeline with a diverse acquisition strategy and look forward to what the next 25 years brings us.”

"BNP Paribas is thrilled to joint-lead on Novus’ behalf this long-term facility, financing its first ever direct order with a manufacturer," said Bertrand Dehouck, Head of Aviation for BNP Paribas. "There are three key elements that make this deal significant: 1. It marks a substantial transformational phase for Novus Aviation Capital; 2. It helps Boeing secure a new direct customer; and 3. It supports the fleet expansion of a major European airline.”

"Aviation is a sector where MUFG sees huge potential and we are committed to finding innovative solutions with key industry partners such as Novus in order to maximize the significant business opportunities that the sector offers,” said Michel Dembinski, Head of Aviation for MUFG in EMEA.

(Image provided with Novus Aviation Capital news release)

FMI: www.mufgemea.com