Oasis Leasing has delivered the fourth and final aircraft of a package it has financed for Air Canada. The new Airbus 319 joins an A321 and two Canadair Regional Jets that the Abu Dhabi-based leaser has financed for Air Canada. All four aircraft are on long-term leases to the Canadian flag carrier.
Delivered straight from the Airbus Industrie production line, the passenger jet will enter service with Air Canada on a 10-year lease. Oasis Leasing worked with specialist transportation bank, DVB to provide financing for the transaction.
The twin-engined A319 aircraft, powered by CFM56-5B6/P engines, has a range up to 6,800 kilometers. First produced for delivery in April 1996, it typically seats up to 124 passengers and in Air Canada configuration will have 16 business class seats and 96 economy seats.
Oasis International Leasing formed in 1997. Its principal business is to identify, structure, manage and invest in high value leasing transactions. The objective is to deliver sustainable shareholder investment returns.
The original Oasis Leasing concept, aimed at promoting the creation of new financial services' clusters in the United Arab Emirates (UAE) economy, was developed by the Offsets Department of the UAE Government. Leasing is viewed as an attractive and sustainable economic sector to develop. Oasis Leasing also seeks to promote leasing in the UAE and to provide a catalyst for the expansion of the financial services sector.
Oasis Leasing's asset portfolio includes 16 aircraft on long-term lease to major regional and international flag carriers and a 50 percent stake in a cape size bulk carrier ship, acquired in 2001. Clients include Air Canada, Malaysia Airlines, Virgin, Air New Zealand and Easy Jet. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
