Lesha Bank completes acquisition of equity interests in diversified aviation portfolio
Lesha Bank through its Lesha Aviation Fund, has completed the acquisition of equity interests in a diversified aviation portfolio comprising 18 aircraft. The transaction represents another significant...
Lesha Bank has finalized the acquisition of equity interests in a diverse aviation portfolio, consisting of 18 aircraft, as part of its ongoing growth strategy. The deal, announced in a statement, enhances the bank's position in the global aviation leasing sector. The 18 aircraft are leased to nine airlines across eight countries, offering substantial diversification by operator and geographical location.
Upon completion, the portfolio will be overseen by Lesha Aviation Capital, Lesha Bank's aircraft leasing arm, headquartered in Dublin, Ireland. Group CEO Mohammed Ismail al-Emadi expressed satisfaction with the acquisition, noting it adds top-quality assets, introduces newer aircraft technology, and expands relationships with various airline operators and markets.
The long-term, contracted cash flows and attractive diversification of the portfolio align well with Lesha Bank's existing investments. This move reinforces the bank's commitment to constructing a scaled and diversified portfolio of aviation assets, while simultaneously increasing exposure to contemporary, fuel-efficient aircraft operated by a broad spectrum of established airline clients.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
