Commenting on the deal, Oasis Leasing CEO Gordon Dixon said: "This transaction represents further growth and diversification of our leasing and financing business.
"It also encompasses a number of 'firsts' for Oasis, namely, our first financing involving Continental; our first transaction with Compass; our first investment in the MD80 aircraft type and our first transaction in the US market.
"We are confident that Oasis' recently established presence in the US will result in a number of additional investments in this important leasing market," said Dixon.
Oasis Leasing's asset portfolio now includes 13 aircraft on lease to major regional and international flag carriers and a 50% stake in a capesize dry-bulk vessel.
The company aims to build its asset and risk profile from its current US$475 million value to US$1.2 billion by 2006, with additional investments in aircraft and targeted moves into shipping, infrastructure and power plant financing.
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MD82 deal Oasis Leasing's first US transaction
- United Arab Emirates: Thursday, September 19 - 2002 at 09:39
- PRESS RELEASE
The Abu Dhabi-based lessor, in partnership with Compass Capital Corporation in the US, has financed the acquisition of an MD82 aircraft on lease to Continental Airlines.
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Notes and media contacts
For further information: Malcolm Ward, MCS/Action,PO Box 20970, Dubai, United Arab Emirates.
Tel +9714 3452126; Fax +9714 3460926.
Posted by Anne-Birte Stensgaard, News EditorThursday, September 19 - 2002 at 09:39 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Sep 16 2003.
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