Novus Aviation Capital has sold one Boeing 777-300 on lease to British Airways to investors, which is being managed by ORIX Aviation Systems.
“Novus is delighted to have completed this transaction with ORIX Aviation and extend our long-standing relationship with ORIX,” said Mamoun Kuzbari, Chief Commercial Officer at Novus Aviation Capital. “We are seeing the trading market return following the ease of travel restrictions as the aviation market continues to prove its long-term resilience and promise for investors looking to diversify their assets. The appetite for widebody aircraft is returning especially for long term leases with strong credits. The 777-300ER remains a strong asset given its longevity with multiple cargo conversation programmes in the market.” Kuzbari added.
Commenting on the transaction, James Meyler, Chief Executive Officer of ORIX Aviation, said: “We are delighted to successfully manage the acquisition of this aircraft, yet another example of ORIX delivering for its investors. This transaction also deepens our relationships with long-standing customers of ORIX Aviation, Novus and British Airways, where the aircraft will remain on lease.”