Ittihad International Investment of Abu Dhabi, UAE, and Aviation Finance Company of Dublin, Ireland, have formed a joint venture that will bring finance and leasing solutions to the aviation industry in the Middle East, North and East Africa and Asia.

The new venture, Ittihad|AFC Aviation Consultancy, will be based in the UAE.

Christopher Condy of AFC and head of Ittihad|AFC, said: "It is a privilege to partner with such a prestigious and well established group as Ittihad International Investment and utilise the vast resources of the combined companies to begin this new venture."

Omar Hourani, head of business development of Ittihad International Investment, said: "We see a great potential for AFC's innovative and tailor-made structures to underpin the growth of the regional aviation industry. AFC brings a remarkable track record that demonstrates an excellent understanding of the industry and its prospects in the region."

Ittihad International Investment is a privately-held conglomerate engaged in a wide spectrum of economic sectors and activities. -BusinessWire