Investec Closes $1B Emirates Airline Lease Transaction

Reuters reported that Investec Bank closed a $1 billion operating lease transaction with Emirates Airline.

According to the Reuters report, the deal will pay for the delivery and sale and leaseback of four A380-800s, the world’s largest passenger jet. Investec Aviation Finance has around $5 billion of aircraft assets under management through its own balance sheet and managed funds, Reuters said. The transaction included aircraft dating from 2013 and 2016.

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