Free Trial

Air Finance Journal
Search advanced search
Air Finance Journal Copying and distributing are prohibited without permission of the publisher

Veling in sale/leaseback with Emirates

16 February 2010

Emirates has closed a sale/leaseback for two 777-200s with three African banks funding the deal.

Read more: Emirates Veling Nedbank Capital State Bank Bank One South Africa Maritius

Veling, based in Mauritius, has closed two sale/leasebacks with Emirates Airlines for two Boeing 777-200s.

Three African banks - Nedbank Capital in South Africa and State Bank and Bank One in Mauritius – provided the financing for the transaction.

“This transaction...


Quote

"A lot of people hoped these proposals would die under their own weight"

Michael Inglese, chief financial officer, Aircastle on the proposed new accounting standards

Upcoming Events