Waha Capital signs AerCap deal

22 June 2009

Abu-Dhabi based investment holding company, Waha Capital has said it had agreed to pay $135m for a 50% stake in an aircraft leasing joint venture with AerCap, which is listed on the New York Stock Exchange. 'The joint venture partners have also agreed a number of separate individual aircraft transactions, including the purchase by AerVenture of an Airbus A320 from Waha, and the purchase by AerCap's subsidiary AeroTurbine of four vintage A320 family aircraft,' said Salem Rashid Al Noaimi, CEO of Waha Capital.

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