Emirates | Lease novation and financing | 07-16 | 1x777-300ER | Transaction | Airfinance Journal

Emirates | Lease novation and financing | 07-16 | 1x777-300ER

DS Aviation, the asset manager for the Dr. Peters Group aviation division, has successfully extended the leasing contract for one Boeing 777 in advance (MSN 35576). The leasing contract was extended by two years to November 2019 back in March of this year (please refer to deal ID: 8389 for more details). The lease has now been extended early by another six years. The leasing contract thus covers a total term of 18 years.

The Boeing 777-200LR, which the Dr. Peters Group offers in the fund DS-Rendite-Fonds 122, will be operated by Emirates from November 2019 to 2025 at a monthly leasing rate of around USD 684,000.

MLA: NordLB


Deal Categories

Regions:
Middle East
United Arab Emirates

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8