Wednesday 23 July 2014

Waha Capital Q2 net profit jumps on AerCap deal | GulfNews.com

Waha Capital Q2 net profit jumps on AerCap deal | GulfNews.com:



"Abu Dhabi-based investment firm Waha Capital said on Tuesday its net profit for the second quarter of 2014 jumped on the back of a one-off gain from its investment in AerCap Holdings.



Waha, whose shareholders include Abu Dhabi government entities, made Dh1.14 billion ($310.4 million) in the three months to June 30, up from Dh38.4 million in the year-ago period, it said in a bourse filing.



AerCap Holdings, in which Waha was its largest shareholder, bought American International Group’s aircraft leasing business in a $5.4 billion cash and share deal that was completed in May."



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