Novus Aviation Capital completes $423m financing deal for four 777-300ERs

Novus Aviation Capital has secured a limited recourse facility of $423 million with BNP Paribas and MUFG Bank to finance its order of four Boeing 777-300ERs (Extended Range). The order, announced during the Farnborough Airshow in 2018, represents Novus’ first direct order with a manufacturer at a list price of $1.4bn. Scheduled for delivery in 2020, the four long-range wide-body twin-engine aircraft will be leased to a European carrier once operational. Mounir Kuzbari, Managing Director at Novus Aviation Capital, said: “Completing this financing deal, with two of our key banking partners, further demonstrates Novus’ ambitious growth plans and our ability