27 December 2012

Novus Aviation Capital Officially Opens New Office in Dubai, UAE

- New office in the Dubai International Financial Centre (DIFC)

27 December 2012 - Novus Aviation Capital has announced the official opening of its new office in the Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas, and revealed its new corporate image. The new branding includes a revamped website and a secured platform offering Novus’ various stakeholders real-time data access.

“Our new corporate identity coincides with a new era for the Novus Group. Opening an office in Dubai is a natural step to show our continued commitment to our clients, and to better serve them. The Dubai based team will grow in the next few months and will complement our existing offices to increase of our global reach” says Safwan Kuzbari, Chief Executive Officer.

The Dubai office is a strategic move for Novus in its strategy to get closer to its airline customers in the Middle East and Asian markets and the proximity to serve our main investor-partner base”, said Mounir Kuzbari, Executive Vice President and Head of the Dubai office.

Kevin Birkett, Managing Director of Business Development at DIFC Authority commented, “Geographical positioning and quality of infrastructure are key elements within any aspect of the aviation sector. These also happen to be two of the DIFC’s main attractions and we hope that this and the buoyant regional aviation sector will enable Novus Aviation Capital to grow and flourish” 

Novus Aviation Capital is an independent privately held aircraft leasing and financing platform, focused on investing into commercial aircraft assets. Established over 18 years ago, the Novus team operates out of its three global offices and currently co-owns and manages aircraft related investments in excess of a $1bn. Novus offers airlines and aircraft owners comprehensive capital raising solutions and provides tailor-made investment products to investors. Novus’s aircraft portfolio includes A320/330/A340s as well as B737-800 and B747/B777s.

The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas. Currently, DIFC's client base comprises almost 900 active registered firms, including 17 of the world’s top 25 banks, eight of the world’s ten largest insurers, eight out of 15 top law firms, ten of the top 20 money managers and seven of the top ten consultant companies in the world. Around 13 thousand employees operate in an open environment complemented by international legal and regulatory standards. DIFC offers its member companies benefits such as 100 per cent foreign ownership, zero per cent tax rate, with no restriction on capital convertibility or profit repatriation. DIFC has its own independent financial and ancillary services regulatory body, the Dubai Financial Services Authority (DFSA). It also has the DIFC Courts, which is an independent common law judiciary based in DIFC with jurisdiction over civil and commercial disputes in or relating to the Centre. 

Source: DIFC