Waha buys two aircraft from AerCap

04 December 2008

Abu Dhabi-basd Waha Leasing, an operating unit of Waha Capital, announced today its purchase of an Airbus 330-200 and an A320-200 from AerCap Holdings, an integrated global aviation company headquartered in Amsterdam. The aircraft, both newly delivered, are subject to long-term operating lease to the Russian airline, Aeroflot. 'The current economic slowdown has been affecting the aviation industry and only few players are pursuing new business this year. Given the prevailing market condition, we are proud to be one of those very few players that still actively engage in competing for new business,' said Salem Rashid Al Noaimi, Chief Executive Officer of Waha Leasing.

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