Jul 26, 2017

Novus Sells B777-200ER to Air Peace

Novus Aviation has arranged the sale of one B777-200ER to Air Peace in Nigeria. The aircraft was on lease to Emirates Airlines until January 2017. The transaction marks the first B777 aircraft to be operated in Nigeria, and is a testament to Novus’ remarketing expertise.

“We are very pleased to support Air Peace’s development through the sale of this 777-200ER. This asset provides excellent cost economics and is an ideal platform for Air Peace to pursue their strategic growth ambitions across Africa, Europe and Asia,” said Mamoun Kuzbari, Managing Director at Novus Aviation Capital. “We are also satisfied that we are extending the customer base of the 777 aircraft which Novus looks to continue to invest in.”

"We are pleased to have acquired this aircraft from Novus; the acquisition forms part of our strategy to increase the Air Peace fleet size and expand the airline’s international operations,” said Allen Onyema, CEO of Air Peace. “The aircraft happens to be our first wide body and is the first of four B777s expected to join the Air Peace fleet between now and February 2018.”

“We greatly appreciate the professionalism and transparency displayed throughout the transaction by Novus and its subsidiaries, and we look forward to working with them again in the future,” Onyema added.

About Novus Aviation Capital:

Novus is an independent, privately-held aircraft leasing platform, focused on investing in commercial aircraft assets. Established over 22 years ago, the Novus team operates out of its five global offices in the Middle East, Europe and Asia. The company currently co-owns and manages aircraft-related projects worth about USD 3 billion.

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