Airbus signs MoU financing deal with ADNL for new and used aircraft

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Airbus today inked a memorandum of understanding (MoU) with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), to cooperate on leasing and financing projects as well as management activities on new and used Airbus aircraft.

The agreement will provide "delivery financing solutions", including sale and leaseback transactions and pre-delivery payments, to airlines in the Gulf Cooperation Council region for the purchase of aircraft ordered from Airbus.

"In the current economic environment, investment in aircraft remains a very attractive proposition and we are pleased to expand our relationship with new players such as NBAD and ADNL. Our modern portfolio of Airbus aircraft is delivering an excellent return on investment and outstanding value for money to our customers" says Harald Wilhelm, chief financial officer, Airbus & EADS.