Novus Launches Tamweel Aviation Finance II to Fund Airbus Aircraft AcquisitionsCommunity News 26 Mar 2018 09:14 am
UAE: 26 March 2018: Following the success of Tamweel Aviation Finance (TAF), Novus Aviation Capital, a Dubai-based aircraft leasing and financing company, has announced the launch of its second junior debt fund dedicated to the financing of Airbus aircraft. Tamweel Aviation Finance II (TAF II) is a partnership between Airbus, Development Bank of Japan Inc., Norddeutsche Landesbank and Airbus Group Bank.
The vehicle will be managed by Novus and will focus on providing attractive junior and mezzanine financing solutions to both airlines and leasing companies. Launched in July 2013 in response to a rapidly changing aircraft financing environment, TAF has now fully committed its allotted funds.
“We are very excited with the launch of the second edition of our junior debt platform and would like to thank our partners for their continued support. The growth outlook of the airline industry along with the large delivery stream are expected to drive an increasing demand for this type of financing product,” said Mounir Kuzbari, Managing Director at Novus.
“Building on the experience and success of the first Tamweel Aviation Fund, we foresee a great future for TAF II with, again, a lot of value being delivered to our customers through innovative financing solutions. The collaborative way of working with our financing partners has proved to be excellent; we thank them very much for this and look forward to further developing the partnership,” said Nigel Taylor, SVP Financing and Guarantees, Airbus.
“Since DBJ strongly believes junior loan will support finance activity for airlines and lessors, we are very pleased with TAF II’s successful closing and believe that this fund will make great contributions to the industry. The partnership with Novus, Airbus, Airbus Group Bank, and Norddeutsche Landesbank was the core of the previous fund success and we have no doubt that this will also lead TAF II and the industry to the successful future,” said Masashi Kumagae, General Manager at Development Bank of Japan Inc.
"Within the last few years, Tamweel Aviation has been established as one of the leading providers of junior debt in the Aircraft Finance Market. The performance of the vehicle and the strategic value it adds to our business model is even higher than we had expected before joining in 2014. In this regard, since the commitments allocated to TAF are now fully invested, we are happy to further participate in this success story by joining TAF II as a worthy successor,” commented Oliver Gruenke, Director at Norddeutsche Landesbank.
About Novus Aviation Capital:
With 24 years of aircraft leasing, financing and trading experience, Dubai-based Novus is one of the world’s fastest growing aircraft leasing financing platforms in the world. Operating globally out of five offices in Europe, Asia and the Middle East, the company has an aircraft portfolio under the management of around 50 aircraft worth nearly $4 billion.