Browse related articlesUIB to buy 5 more aircrafts
Bahrain: Monday, March 24 - 2008 at 10:12
Bahrain-based investment firm United International Bank (UIB) and Novus Aviation have geared up its aricraft acquisition to $400m, said news reports. The partnership has signed a letter of intent with the Royal Bank of Scotland for investment in five aircraft through Falak Investments Ltd. Falak, a joint venture between UIB and Novus, was set up to invest in a diversified portfolio of aircraft leased to major airlines.
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Medilyn Manibo, Assistant News EditorMonday, March 24 - 2008 at 10:12 UAE local time (GMT+4)
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