NBAD and Boeing extend agreement on aircraft financing

Dubai: The National Bank of Abu Dhabi (NBAD) and Boeing said on Wednesday they have extended an agreement to develop aircraft financing and leasing opportunities in the Middle East.

NBAD and Boeing have extended a three year relationship with a memorandum of understanding, the companies announced in a join statement.

The non-exclusive agreement creates opportunities for NBAD to advise, arrange and supply financing to Boeing’s new-aircraft sales and used-aircraft remarketing in the region. Boeing is to engage with the bank in joint projects, training and issues advocacy.