Thursday, March 28, 2024 | Ramadan 17, 1445 H
broken clouds
weather
OMAN
23°C / 23°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

OBIC successfully closes deal for aircraft leasing

oman air
oman air
minus
plus

Oman Brunei Investment Company (OBIC) has successfully closed a deal with German Operating Aircraft Leasing GmbH & Co. KG (GOAL), one of Germany’s top investment companies and a renowned player in the field of structured asset finance. Adding to its fleet of 60+ aircraft, the latter purchased a stake in OBIC’s five Boeing 737-900ER aircraft with the aim of placing them in a fund for German institutional investors.


The five aircraft, which are now jointly owned by OBIC and GOAL, are on a long term leasing contract with the Sultanate’s national carrier Oman Air. As a well-established expert in managing aircraft assets, GOAL will act as asset manager as well as remarketing agent for the aircraftQais al Kharousi CEO of OBIC, said: "After months of negotiation, we are very pleased to be executing this deal with GOAL. This not only showcases the fund’s ability to diversify and create new sources of long-term income for its shareholders, but more importantly it emphasizes OBIC’s ability to secure foreign direct investment and promote Oman on the international investment scene.”


Oman Brunei Investment Company was established in 2009 as a 50-50 joint venture between the governments of Oman and Brunei. The private equity fund invests in high growth sectors in the region by acquiring existing companies or initiating new projects


SHARE ARTICLE
arrow up
home icon