Business | Aviation
Falcon Aviation to get Dh875m lease finance from Abu Dhabi National Leasing
Abu Dhabi National Leasing (ADNL), a fully owned subsidiary of National Bank of Abu Dhabi (NBAD), and Falcon Aviation Services LLC (FAS) signed an agreement for a Lease Finance Facility of Dh875 million.
- Staff Report
- Published: 16:02 June 21, 2008
Abu Dhabi: Abu Dhabi National Leasing (ADNL), a fully owned subsidiary of National Bank of Abu Dhabi (NBAD), and Falcon Aviation Services LLC (FAS) signed an agreement for a Lease Finance Facility of Dh875 million.
Shaikh Dr Sultan Bin Khalifa Bin Zayed Al Nahyan, the patron-in-chief of FAS, an aircraft chartering and maintenance company based in Abu Dhabi, and Michael Tomalin, NBAD's Chief Executive have signed the agreement at NBAD head office in Abu Dhabi.
The facility will be used to acquire 23 additional corporate jets and helicopters. The corporate jet orders include Embraer Legacy 600, Gulfstream G450, Embraer Lineage 1000, Embraer Phenom 300, and GROB SPn while the helicopter orders include Agusta A109, and Eurocopter EC130.
With these additional, FAS will pursue its expansion plans offering services for Air Taxi & Tourism, Corporate & VVIP, Search & Rescue, Oil & Gas Offshore support and Air Ambulance/Helicopter Emergency Medical Services (HEMS).
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