DVB and NBAD launch aviation fund

摘要

DVB Bank and the National Bank of Abu Dhabi (NBAD) are setting up a $1 billion aviation fund to lease aircraft and engines in a new joint-venture.rnThe fund, which is set to launch by year-end, will be managed by NBAD and DVB, which will also invest into the fund alongside an investor base predominantly from the UAE and GCC countries. Investors will get a return from a coupon and capital gains.