Dubai Aerospace Enterprise (DAE), one of the few Gulf aircraft leasing firms, expects to add 30-35 planes to its current portfolio of 97 with significant demand seen coming from Iran, the company's chief executive said.
Bahrain-based International Investment Bank (IIB) has announced the disposal of a Boeing 777-300 ER aircraft, resulting in more than 30 per cent IRR for the bank.
The aircraft, which was purchased by IIB in a sale and leaseback tr
Sovereign wealth funds from Oman and Brunei are partnering to establish an aircraft leasing firm with capital of RO200 million ($520 million), the Omani fund said on Monday.
Oman's State General Reserve Fund (SGRF) is setting
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