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Airbus signs MoU on aircraft financing with Abu Dhabi partner ADNL

22-Mar-2013 10:10 AM

Airbus signed (21-Mar-2013) an MoU on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi. ADNL and Airbus will share competence and experience to cooperate on leasing projects, financing projects and management activities, such as structuring operating and finance lease transactions, pre-delivery payment financing for Airbus aircraft and delivery financing of new and used Airbus aircraft. Under the MoU, ADNL will facilitate and provide aircraft delivery financing solutions to airlines in the Gulf Coperation Council region for the acquisition of aircraft ordered from Airbus. ADNL will in addition provide financing support by way of sale and leaseback transactions with its airline customers for Airbus aircraft. Airbus & EADS CFO Harald Wilhelm stated: "In the current economic environment, investment in aircraft remains a very attractive proposition." The increased cooperation will support aircraft deliveries and airline customers. [more - original PR]