Lusha Bank announced that it has reached an agreement to sell six Airbus A380 aircraft to Emirates Airlines, the largest operator of this model in the world, through an investment structure on behalf of the Lusha Aviation Fund.
The bank explained, in a statement, that two of the six aircraft have been delivered so far, with the procedures for selling the remaining four aircraft to be completed in stages until April 2028, with their lease contracts expiring successively.
The agreement guarantees Emirates long-term ownership of a major part of its fleet of wide-body aircraft, which enhances the position of Airbus A380 aircraft among the luxury travel services it provides on long-haul flights, and supports its capacity strategy in parallel with the expansion of its global network of destinations from Dubai.
This deal reflects Lasha Bank’s growing experience in the aviation sector, and its ability to structure and complete aircraft ownership transfers smoothly, achieving rewarding results for customers and investors alike.
Mr. Jonathan Skiro, Co-CEO of Lusha Aviation Services, said: “We are pleased to conclude this sale agreement with Emirates Airlines, with whom we have a long-term partnership that we are proud of. The completion of the sale of the first two aircraft represents an important milestone, while the transfer of ownership of the remaining four aircraft in stages confirms the strength of our relationship with the carrier, and our continued keenness to conclude well-studied and well-structured deals that achieve added value for our investors.”