Abu Dhabi’s Oasis Leasing, in partnership with the US-based Compass Capital Corporation, has financed the acquisition of an MD82 aircraft on lease to Continental Airlines. Commenting on the deal, Oasis Leasing CEO Gordon Dixon said: “This transaction represents further growth and diversification of our leasing and financing business.”
“It also encompasses a number of ‘firsts' for Oasis, namely, our first financing involving Continental; our first transaction with Compass; our first investment in the MD80 aircraft type and our first transaction in the US market.”
Oasis Leasing's asset portfolio now includes 13 aircraft on lease to major regional and international flag carriers and a 50 percent stake in a capesize dry-bulk vessel. The company aims to build its asset and risk profile from its current $475 million value to $1.2 billion by 2006, with additional investments in aircraft and targeted moves into shipping, infrastructure and power plant financing. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
