DUBAI, Sept 24 (Reuters) - Dubai-headquartered Novus
Aviation Capital is selling $800 million in aircraft assets this
year which will be used towards financing expanding the
portfolio and a return to investors, its managing director said
on Tuesday.
The privately held aircraft leasing and financing firm has
already sold most of the assets which are from its own portfolio
and aircraft that it manages and has co-invested in, Mounir
Kuzbari told Reuters at the company's Dubai office.
The aircraft are Airbus and Boeing wide- and narrowbody
jets.
Novus has a portfolio of around 50 financed and leased jets.
Its customers include British Airways, Singapore
Airlines, and Emirates, according to its website.
The firm plans to increase its portfolio to 100 aircraft,
worth between $5 billion and $8 billion, by 2021.
(Reporting by Alexander Cornwell; editing by Jason Neely)