National Bank of Abu Dhabi launched aviation investment fund with DVB Bank

National Bank of Abu Dhabi and DVB Bank announced launching a new aviation investment fund, which will invest in aviation assets, principally aircraft and engines on lease to international airlines.

NBAD and DVB will act as 50%-50% joint venture partners in establishing and managing the fund. NBAD and DVB will also proportionately invest in the fund alongside the investor base from the UAE and other GCC countries. It is expected that the fund will acquire approximately $1 billion in assets over the next two years

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