Waha Capital, an Abu Dhabi-listed investment company, announced that it has sold its stake in AerLift Leasing to a newly-established U.S.-based aircraft leasing platform that was not identified. Terms of the deal were not disclosed.

AerLift Leasing was established in 2010, with Waha Capital owning a 60.7% shareholding. The company owns a portfolio of 11 commercial aircraft operated by a number of international airlines. Goldman Sachs served as advisors to Waha Capital on this deal.

According to a related Reuters story, Waha and aircraft leasing company AerCap established Aerlift in 2010.

Commenting on the transaction, Salem Rashid Al Noaimi, CEO and managing director of Waha Capital said: “The disposal of our stake in Aerlift demonstrates the rapidly accelerating implementation of our strategy to focus on our core assets and become a leading regional investment management company. We have crystallized a good return to our shareholders through this sale, which adds to the capital base we are building to make future investments in areas of strong growth potential.”