Veling adds two B777-200 to their portfolio

The Mauritius-based aircraft leasing company, Veling, confirmed last week a sale and lease back agreement for two B777-200 with Emirates, financed entirely through an African banking syndicate comprising Bank One and State Bank from Mauritius and by Nedbank Capital of South Africa.
Veling reportedly now holds a portfolio of 13 aircraft, which include four A340-300 on lease to Sri Lankan, two ATR 72-500 on lease to India’s Kingfisher Airlines, two A310-300 on lease to Air India, and three A310-300F on lease to a cargo airline.
Veling has broken new ground with the lease arrangements for Emirates, making it an all-African financial deal.
01/03/10 Wolfgang H. Thome/eTurboNews

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Categories: Foreign Mar 2010, Kingfisher Mar 2010, NACIL Mar 2010