Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa.
Insurer American International Group (AIG) has announced plans to sell its aircraft-leasing business to AerCap Holdings for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts.
Capital Management House (CMH), a leading Islamic investment bank in Bahrain, said it has paid the third quarter dividends to its investors in the Gulf region for the bank's aircraft leasing investment fund.
The fund has been structure
Dubai Aerospace Enterprise (DAE), a leading provider of maintenance, repair and overhaul (MRO) services, posted net income of $38.8 million (Dh 142.6 million) for the year 2010, compared to $4.8 million (Dh 17.6 million) for 2009.
Capital Management House (CMH), the Bahrain based investment bank, in partnership with Novus Aviation and Muzun Partner, has acquired a Boeing 777-200ER aircraft from Emirates Airlines.
According to the terms of the agreement, the aircraft
AerCap Holdings, a leading aircraft leasing company, has announced the opening of a representative office in Abu Dhabi.
AerCap's new Abu Dhabi office will be managed by a team of highly skilled aviation industry professionals with exte
Kuwait Finance House (KFH), which owns an aircraft leasing business, on Wednesday said it has leased three Airbus A320s to Turkish Airlines.
Kuwait's largest Islamic lender said in a statement that its subsidiary, Aviation Lease and Fi
Dubai Aerospace Enterprise (DAE), has bought three Airbus aircraft which were ordered by Kingfisher Airlines in a sale and leaseback deal, a report said.
DAE Capital revealed that Airbus has delivered three new Pratt and Whitney-powered Ai
The aircraft leasing market in the Gulf, which is worth $800 million now, is expected to increase to $1 billion by 2010, a report said.
The number of companies involved in the sector in the region are between 50 and 85. In addition there i