Al Jaber secures financing for two Embraer Legacy 600 private jets.Byline: Staff Report Dubai Al Jaber Aviation (AJA AJA Adjacent AJA Aj Auxerre (French soccer club) AJA American Jail Association AJA American Journal of Archaeology AJA American Judges Association AJA Americans of Japanese Ancestry ), the new pinnacle of VIP aviation based in Abu Dhabi, announced that it has successfully closed the financing for two Embraer Legacy 600 private jets. The company sealed the club deal with the participation of three leading local and international banks, which include Al Hilal Bank as security trustee, security agent and investment manager; National Bank of Abu Dhabi as book runner Book Runner The managing or lead underwriter who maintains the books of securities sold for a new issue. Notes: In other words, this person is the underwriter who "runs" the books. Often the book runner is given credit for the total size of the deal. and BNP Paribas as arranger. Mohammad Al Jaber, chief executive of Al Jaber Aviation, said: "The deal was initiated and completed despite the consequences of the global financial crisis and is a reiteration of the financial community's trust in Al Jaber. Diversification "The financing deal will complement our operational plans and acquire a full capacity fleet. We are diversifying our fleet and will soon have different types of aircraft suiting the needs of our most discerning guests." The financing package extends a 10-year tenure to finance the purchase price of the aircraft, which have already been delivered to AJA. The Embraer Legacy 600 private jet is considered among the highest performing aircraft in its category. It can fly non-stop to continental Europe and some parts of Asia, and its cabin has a customised 13-seat configuration. Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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