Veling purchases and leases one A380 to Emirates

Eleanor Steed
By Eleanor Steed July 20, 2018 14:18

Veling purchases and leases one A380 to Emirates

Veling, the aircraft leasing company headquartered in Mauritius, has purchased one new Airbus A380 (msn 238) and immediately leased it to Emirates Airline. The aircraft delivery took place on June 30, 2018, at the Airbus Delivery Centre in Hamburg, Germany. The aircraft is the 104th A380 to enter service with Emirates Airline.

“This is the seventh A380 transaction that Veling has had the honour and privilege to partner with Emirates Airline, the world’s largest operator of the A380. This transaction is a further testimony of our strong belief in the inherent value proposition of the A380 aircraft, both now and in future. The aircraft was financed by a consortium of UAE banks, led by Abu Dhabi Commercial Bank with a strong participation from Al-Hilal Bank. Both teams worked with exceptional diligence to enable the transaction to close in time and for which we are grateful,” said Nirvan Veerasamy, Founder and Managing Director of Veling.

Eleanor Steed
By Eleanor Steed July 20, 2018 14:18