Dubai-based aircraft lessor, Novus Aviation Capital, has announced its first direct agreement with Boeing for up to four 777-300ERs (Extended Range) at the 2018 Farnborough International Airshow.
The commitment carries a list-price value of $1.44 billion and will be reflected on Boeing's Orders and Deliveries website once it is finalized.
"We are delighted to complete a new milestone in our investment strategy and our cooperation with Boeing," said Hani Kuzbari, Managing Director at Novus Aviation Capital. "This is in line with our continuous pursuit to create value within our aircraft portfolio. We have successfully invested in the Boeing 777 over the last decade with proven return on our investment. The aircraft type remains a strong long-haul wide body aircraft for our airline customers globally.