Novus Aviation could double portfolio over next 18 months, managing director says | Reuters
Middle East aircraft leasing company Novus Aviation Capital could double its portfolio to $6 billion over the next 18 months through deals with airlines and other lessors, its managing director said on Sunday.
The aviation industry is facing its worst ever crisis due to the coronavirus pandemic that has decimated air travel demand, forcing airlines around the world into a cash crunch.
Dubai-headquartered Novus, however, sees opportunity to buy during the market downturn to meet demand for smaller aircraft types and certain larger, fuel-efficient jets.
It is interested in Boeing BA.N 737 MAX and Airbus AIR.PA A320neo narrowbody jets, and Boeing 787 and Airbus A350 widebodies, Mounir Kuzbari told Reuters in an interview.
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