Novus Aviation Capital launches financing platform

Novus Aviation Capital in partnership with the Development Bank of Japan Inc (DBJ) and Airbus, recently established Tamweel Aviation Finance (TAF), a new and integrated financing platform offering turnkey alternative financing solutions to airlines and aircraft leasing companies.

By Staff Report

Published: Wed 25 Sep 2013, 8:39 AM

Last updated: Fri 3 Apr 2015, 3:13 AM

The new enterprise has been set up to facilitate the funding of aircraft acquisitions, providing secured junior and mezzanine loans to airlines for all Airbus aircrafts, with a focus on the twin-aisle segment, including the A380. TAF will be managed by Dubai-based Novus Aviation Capital.

The team responsible for the organization and management of TAF is led by Novus executive vice presidents Mounir and Hani Kuzbari. Mounir Kuzbari oversees the financing strategy while Hani Kuzbari oversees the investment side of the business.

“At Novus we are extremely delighted to be partnering with and investing alongside two prestigious organizations such as DBJ and Airbus on this exciting venture. We see great synergies and common vision with the partners which are key components to the success of this joint venture,” said Mounir Kuzbari.

“TAF has been set up in response to a rapidly changing aircraft financing environment, with new investors and lenders becoming attracted to the stable and attractive returns that have been generated by commercial aircraft assets over an extended period.”

“These developments coincide with economic and environmental pressures that are driving demand from the world’s airlines for new aircrafts and resulting in record order backlogs at the major manufacturers. Values of new deliveries scheduled for 2013 alone are expected to exceed US$100bn, placing significant financing requirement on airlines and leasing companies” he added.

“DBJ, having developed its aircraft financing business globally since 2011, came to realize a huge potential of mezzanine finance in this space. Such a view, coupled with DBJ’s strong balance sheet and its corporate strategy to broaden the portfolio of middle risk products led DBJ to reach an agreement with Novus and Airbus on set-up of this venture,” said Masao Masuda, director at DBJ.