Novus Aviation Capital expands portfolio

Dubai: Novus Aviation Capital, a global aircraft leasing platform based in Dubai, has announced the acquisition of three Boeing 737-900ER aircraft from PT Lion Mentari Airlines, Lion Air, which have been placed on long operating leases with the airline. The successful conclusion of the sale and leaseback transaction with the Indonesian low-cost carrier further expands Novus’ aircraft management fleet. Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. Established over 22 years ago, the Novus team operates out of its four global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about $3 billion.