Union National Bank Finances USD 116.8M for Royal Jet Purchase

The signing ceremony took place on Monday 1st June

  
Union National Bank Finances USD 116.8M for Royal Jet Purchase

Abu Dhabi, 11th June 2015

Union National Bank, one of the leading banks in the UAE, has announced the successful signing of  USD 116.8 million deal with Royal Jet, the Middle East's foremost private charter company chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan, for two Boeing 737-700 BBJ aircraft due for delivery later this year.

The signing ceremony took place on Monday 1st June 2015, at UNB head office, Abu Dhabi, and was attended by Mr. Ayman Adel Kamal, Executive Vice President from UNB, and Captain Patrick Gordon, Acting President and CEO of Royal Jet along with Senior Executives from both organizations.

Mr Ayman Adel Kamal, Executive Vice President from UNB commented: "We are delighted to have financed the two Boeing - aircrafts expected to be delivered in September and December 2015. This is our first blueprint finance to Royal Jet and we look forward to many more deals to follow."

Captain Patrick Gordon, Acting President and Chief Executive Officer of Royal Jet said, "We are pleased to be working with UNB as we remain on schedule with our fleet replacement and expansion programme that will increase Royal Jet's fleet to 20 aircraft by the year 2020. Our fleet expansion is central to our long-term strategic plan that will allow us to expand our network to meet the growing demand and provide our guests with a superior offering and increased capacity."

-Ends-

© Press Release 2015


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