European plane maker Airbus has signed an agreement with a unit of the UAE's largest lender to provide aircraft financing solutions to airlines in the Gulf region.
Airbus said in a statement that it has inked a memorandum of understanding on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the lease finance arm of the National Bank of Abu Dhabi.
Under the agreement, ADNL will facilitate and provide aircraft delivery financing solutions to airlines in the GCC for the acquisition of aircraft ordered from Airbus.
ADNL will also provide financing support by way of sale and leaseback transactions with its airline customers for Airbus aircraft.
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