DUBAI, UAELow-cost carrier flydubai completed the sale and leaseback of two Boeing 737 MAX 8 aircraft with the Dubai-based aircraft leasing company Novus Aviation Capital.

The planes were delivered to flydubai at the end of June 2021.

“we would like to thank the team at Novus Aviation Capital for the support that they have extended to us for the sale and leaseback for the two Boeing 737 MAX 8 aircraft delivered in June. Sale and leaseback is integral to our financing strategy and although this is the first transaction that we have completed together we hope that there will be an opportunity to do more in the future,” Ghaith Al Ghaith, Chief Executive Officer of flydubai said.

“We are delighted to complete this transaction with flydubai and welcome the airline to our growing list of customers as well as support the resumption of Boeing 737 MAX aircraft deliveries in the United Arab Emirates,” said Hani Kuzbari, Co-Chief Executive Officer, Novus Aviation Capital.

“flydubai has demonstrated its strength in the way it has managed the pandemic and today the airline has enjoyed a very strong recovery and is in a very good position to capture pent-up passenger demand. Novus is keen on supporting the airline in its growth and delivery stream in the coming years,” Kuzbari added.