This covers traffic violations incurred until 2023
Unveiled in the last week of October, the transaction has allowed Waha Capital ownership of approximately 29.8 million new shares in AerCap, which equates to a 20 per cent stake. In exchange, capital based firm has transferred its 50 per cent interest in the joint venture company AerVenture, a 40 per cent interest in Waha’s own 16-aircraft portfolio and $105 million in cash, $97 million of which is cash freed up through the structure, mainly through additional leverage on the 16-aircraft portfolio.
The total consideration for the shares in AerCap is approximately $380 million based on the New York Stock Exchange closing price of AerCap’s shares on Friday, 22 October 2010, the investment firm said on October 24. Waha will be entitled to nominate two candidates for the Board of Directors of AerCap Holdings N.V.
Under the terms of the agreement, AerCap will provide all management services for Waha’s aircraft portfolio in return for servicing fees, and will open a representative office in Abu Dhabi.
Waha’s 16-aircraft portfolio consists of Airbus A330 and Boeing 777 wide body aircraft, Airbus A320 and A321, Boeing 737 and Bombardier regional jet aircraft. The wide body aircraft represent approximately 75 per cent of the portfolio by value. The portfolio has an average age of 5.6 years by value and all aircraft are on lease with an average lease term of 82 months.
This covers traffic violations incurred until 2023
Friday's polling will be held for 88 of the total 543 seats in the lower house or Lok Sabha of Parliament with 160 million people eligible to vote
The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds
Binghatti Hills is set to become the most expansive development within the community
Temperature will reach up to 36ºC and 33ºC in Abu Dhabi and Dubai, respectively
Facing the reality of such a health challenge at the age of 32 was unimaginable for her
Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
Guardiola's team will be crowned champions for an unprecedented fourth successive season if they win their last five matches