Commitment, Continuity, Creativity
Novus' history in fact precedes its establishment. The story begins when its founders, Safwan and Chafic Kuzbari began arranging capacity trading between airline providers, and consequently entered into an era of carefully managed lease-in and lease-out contracts.
United Aviation Services (UAS) was established and became a major Hajj supplier for Middle Eastern and North and West African Countries.
Purchase and leaseback to PANAM of one B737-200
Acquisition of 2 DC8-63 from KLM
First wide-body fleet acquisition from Delta Airlines of 6 DC10-10 aircraft for onward lease to ScanAir (subsidiary of SAS).
UAS becomes the world’s fifth largest operating lessor by fleet size.
Adverse market conditions caused UAS to stop trading.
NOVUS (Latin for ‘New’)was launched by a key group of UAS’s members.
First multi-aircraft investment fund.
First Shari’a-compliant aircraft fund.
First Shari’a-compliant Syndicated aircraft fund.
First single-aircraft investor fund.
Dubai office opens.
First Asia Pacific office opens in Hong Kong
Novus celebrates its 20th anniversary.
Novus’s portfolio size is estimated at close to $3 billion. Novus closes SLB of five B777s with EK.
London office opens Establishment of "Ortus" Fund