OMAN BRUNEI INVESTMENT COMPANY COMPLETED ITS FIRST INVESTMENT IN AIRCRAFT LEASING

Oman Brunei Investment Company SAOC has acquired one new Boeing 737–900ER aircraft and placed it on lease to Oman Air. The transaction represents a major development for Oman Brunei Investment Company in the aviation finance and aircraft leasing sector.

“The investment represents an opportunity to create an Omani aircraft leasing company through strategic business partnership with Oman Air and other regional and international airlines” said Abeer Mohammed Al Abduwani, CEO of Oman Brunei Investment Company.

“We are particularly proud of the cooperative manner in which all parties worked together to bring this deal to closure in a short time-scale. A lot of people have worked very hard to make this happen and I want to thank them all for their endeavours.” She added.

Simon McLean, CEO of [newly formed aircraft leasing company] said “this transaction represents an international strategic partnership where multiple parties, Omani and international, participated to bring this deal into conclusion.

Our goal, he added, is to introduce new investment opportunities to Omani institutional investors particularly the pension funds in order to create value within the economy as well as supporting Oman’s national flag carrier.”

This transaction is a significant step in the growth of aircraft leasing in Oman and we are confident that it will be a bridge to future business opportunities.” Said Ramin Daneshi from Oman Brunei Investment Company.

The transaction is in line with the requirements of Oman’s In-country Value initiatives, which aims at adding value to Oman’s economy through participation of Omani entities such as pension funds, banks and other institutional investors at various levels of the value chain.