February 2, 2003
Oasis Leasing today announced the delivery of the fourth and final aircraft of a package it has financed for Air Canada.
The brand new A319 joins an A321 and two Canadair Regional Jets that the Abu Dhabi-based lessor has financed for Air Canada. All four aircraft are on long-term leases to the Canadian flag carrier.
Delivered straight from the Airbus Industrie production line, the passenger jet will enter service with award-winning Air Canada on a 10-year lease. Oasis Leasing worked with specialist transportation bank, DVB to provide financing for the transaction.
The twin-engined A319 aircraft, powered by CFM56-5B6/P engines, has a range up to 6,800km. First produced for delivery in April 1996, it typically seats up to 124 passengers and in Air Canada configuration will have 16 business class seats and 96 economy seats.
Air Canada serves over 150 destinations worldwide, operating a fleet of 329 aircraft. It was voted the best airline in North America in 2002, as well as being listed amongst the worlds top 10 airlines and is a member of the One World Alliance.
"We are proud to have concluded this series of transactions with Air Canada. They represent a number of first for Oasis Leasing and cumulatively represent a significant growth in our asset base and Risk Adjusted Lease Book." said Gordon Dixon, CEO, Oasis Leasing.
"We are proud to have Air Canada as a customer and we look forward to a long and mutually beneficial relationship."
ABOUT OASIS LEASING:
Oasis International Leasing Company PJSC was formed in May 1997. Its principal business is to identify, structure, manage and invest in high value leasing transactions. The objective is to deliver sustainable shareholder investment returns.
The original Oasis Leasing concept, aimed at promoting the creation of new financial services clusters in the UAE economy, was developed by the Offsets Department of the UAE Government. Leasing is viewed as an attractive and sustainable economic sector to develop. In addition to establishing a profitable international leasing company, Oasis Leasing also seeks to promote leasing in the UAE and to provide a catalyst for the expansion of the financial services sector. Leasing, as a new and growing industry within the UAE, has been identified as a suitable mechanism for the necessary transfer of financial technology to the Federation.
Oasis Leasings world-class shareholder base includes high quality equity participants including Abu Dhabi Investment Company, BAe Systems and the Gulf Investment Corporation as well as insurance and investment companies.
Oasis Leasings asset portfolio includes 16 aircraft on long-term lease to major regional and international flag carriers and a 50% stake in a capesize bulk carrier ship, acquired in 2001. Clients include Air Canada, Malaysia Airlines, Virgin, Air New Zealand and Easy Jet.
-Ends-
Further information:
Malcolm Ward
MCS/Action,
PO Box 20970,
Dubai,
United Arab Emirates.
Tel +971 4 3902960
Fax +971 4 3908161.
Email: malcolm@mcsaction.com
Or visit Oasis Leasing online at: www.oasisleasing.com
Sony Elias
Tel: 390 2960
Dir: 390 2972
Fax: 390 8161
Oasis Leasing today announced the delivery of the fourth and final aircraft of a package it has financed for Air Canada.
The brand new A319 joins an A321 and two Canadair Regional Jets that the Abu Dhabi-based lessor has financed for Air Canada. All four aircraft are on long-term leases to the Canadian flag carrier.
Delivered straight from the Airbus Industrie production line, the passenger jet will enter service with award-winning Air Canada on a 10-year lease. Oasis Leasing worked with specialist transportation bank, DVB to provide financing for the transaction.
The twin-engined A319 aircraft, powered by CFM56-5B6/P engines, has a range up to 6,800km. First produced for delivery in April 1996, it typically seats up to 124 passengers and in Air Canada configuration will have 16 business class seats and 96 economy seats.
Air Canada serves over 150 destinations worldwide, operating a fleet of 329 aircraft. It was voted the best airline in North America in 2002, as well as being listed amongst the worlds top 10 airlines and is a member of the One World Alliance.
"We are proud to have concluded this series of transactions with Air Canada. They represent a number of first for Oasis Leasing and cumulatively represent a significant growth in our asset base and Risk Adjusted Lease Book." said Gordon Dixon, CEO, Oasis Leasing.
"We are proud to have Air Canada as a customer and we look forward to a long and mutually beneficial relationship."
ABOUT OASIS LEASING:
Oasis International Leasing Company PJSC was formed in May 1997. Its principal business is to identify, structure, manage and invest in high value leasing transactions. The objective is to deliver sustainable shareholder investment returns.
The original Oasis Leasing concept, aimed at promoting the creation of new financial services clusters in the UAE economy, was developed by the Offsets Department of the UAE Government. Leasing is viewed as an attractive and sustainable economic sector to develop. In addition to establishing a profitable international leasing company, Oasis Leasing also seeks to promote leasing in the UAE and to provide a catalyst for the expansion of the financial services sector. Leasing, as a new and growing industry within the UAE, has been identified as a suitable mechanism for the necessary transfer of financial technology to the Federation.
Oasis Leasings world-class shareholder base includes high quality equity participants including Abu Dhabi Investment Company, BAe Systems and the Gulf Investment Corporation as well as insurance and investment companies.
Oasis Leasings asset portfolio includes 16 aircraft on long-term lease to major regional and international flag carriers and a 50% stake in a capesize bulk carrier ship, acquired in 2001. Clients include Air Canada, Malaysia Airlines, Virgin, Air New Zealand and Easy Jet.
-Ends-
Further information:
Malcolm Ward
MCS/Action,
PO Box 20970,
Dubai,
United Arab Emirates.
Tel +971 4 3902960
Fax +971 4 3908161.
Email: malcolm@mcsaction.com
Or visit Oasis Leasing online at: www.oasisleasing.com
Sony Elias
Tel: 390 2960
Dir: 390 2972
Fax: 390 8161
Press Release 2003
