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Airbus has signed a memorandum of understanding (MoU) with Abu Dhabi National Leasing Company (ADNL) for the two parties to cooperate on aircraft financing and leasing
ADNL and Airbus will cooperate on leasing projects, financing projects and management activities, such as structuring operating and finance lease transactions, pre-delivery payment financing for Airbus aircraft and delivery financing of new and used Airbus aircraft.
ADNL will facilitate and provide aircraft delivery financing solutions to airlines in the GCC region for the acquisition of aircraft ordered from Airbus. It will also support sale and leaseback transactions with its airline customers for Airbus aircraft.
ADNL is the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi’s largest bank.
The MoU was signed by Harald Wilhelm, chief financial officer of Airbus & EADS, Nigel Taylor, senior vice president, customer, project and structured finance at Airbus & EADS, Yousef Abdulla Yousef, managing director of ADNL and Mark Yassin, senior general manager of global banking at NBAD.