Al Jaber secures funding for new planes

Al Jaber Aviation (AJA), an Abu Dhabi-based executive airline, has secured financing for two Embraer Legacy 600 private jets.

The company sealed the deal with the participation of three local and international banks including Al Hilal Bank 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 Embraer Legacy 600 Private Jet can fly non-stop to continental Europe and some parts of Asia. It seats up to 13 people in its customisable cabin.

AJA’s fleet includes two Airbus Corporate Jetliners, four Airbus Elites, five Embraer Lineage 1000s, two Embraer Legacy 600s and eight Embraer Legacy 450/500s.
 

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