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Wednesday, February 10 - 2010

Al Jaber closes aviation financing deal for two Embraer Legacy 600 private jets

  • United Arab Emirates: Monday, November 23 - 2009 at 11:40
  • PRESS RELEASE

Al Jaber Aviation (AJA), the new pinnacle of VIP aviation based in Abu Dhabi, announced that it successfully closed the financing for two Embraer Legacy 600 private jets.

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  • Al Jaber closes aviation financing deal for two Embraer Legacy 600 private jets.
    Al Jaber closes aviation financing deal for two Embraer Legacy 600 private jets.
The company sealed the club deal with the participation of three leading local and international banks including Al Hilal Bank P.J.S.C as security trustee, security agent and investment manager; National Bank of Abu Dhabi P.J.S.C as book runner and BNP Paribas as arranger.

Mohammed Al Jaber, CEO 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. 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 extended a 10-year tenure to finance the purchase price of the aircraft, which have been delivered already to AJA. The Embraer Legacy 600 Private Jet planes are 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 comprises a customized 13-seater alignment.

Mr. Al Jaber added: "We appreciate the support and commitment we received from Al Hilal Bank P.J.S.C, National Bank of Abu Dhabi P.J.S.C and BNP Paribas. With the support of our partners, we are committed to further strengthen our aviation business by adhering to our philosophy of delivering an unparalleled traveling experience by adopting the highest standards of luxury. Our growth goals are aligned to the UAE supporting leadership's directives to develop Abu Dhabi as a major hub for VIP aircraft services."
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Notes and media contacts

AJA is the new pinnacle of VIP aviation based in Abu Dhabi. AJA is part of the Al Jaber Group, the nation's largest employer (with a workforce of 50,000) and owner of the country's largest fleet of shipping vessels and machinery.

Through the company's 40-year history in the UAE, the Al Jaber Group has become a recognized expert in the field of transportation and logistics, and is now applying this experience to AJA Private Jets.

With royals, dignitaries, celebrities and the world's business elite among its guests, the company's clientele can rely on its intuitive, discreet and impeccable service.

The AJA fleet includes:

• Two Airbus Corporate Jetliners: The royalty of private jets. Each comes with 32 seats and the largest cabin in its class. There is also a private bedroom and the range to fly anywhere in Europe, Africa and Asia.
• Four Airbus Elite: New to the Middle Eastern market, this aircraft come with 19 seats, a private bedroom and unmatched cabin volume. The Elite is also capable of flying to anywhere in Europe, Africa and Asia.
• Five Embraer Lineage 1000: This all-new 19 seater has the longest cabin in its class, a choice of 5 private cabin zones and a range that allows it to fly to Europe and Asia.
• Two Embraer Legacy 600: Proudly being the first jet to model the AJA livery, the customized 13-seater alignment, our Legacy 600 can fly non-stop to continental Europe and near Asia.
• Eight Embraer Legacy 450/500: With a 8 and 6 seat configuration for the utmost in luxury, the Legacy is part of Embraer's new mid-size range and can fly non-stop to continental Europe and near Asia.

For more information please contact:

Imad Al Najjar
Al Jaber
Tel: +971 2 5554300
Fax: +971 2 5553370

Charbel Tanios
ASDA'A Burson-Marsteller
Tel: +971 2 6334133
Fax:+971 2 6334137

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