Wednesday, 23 May 2018 05:53 GMT

UAE's Waha Capital sells its stake in AerLift

(MENAFN) Waha Capital, an Abu Dhabi-listed investment company, said it recently sold its 60.7 percent stake in AerLift Leasing to a newly-established US-based aircraft leasing platform, according to the Emirates 24/7

AerLift, which Waha Capital used to own 60.7 percent shareholding, owns a portfolio of 11 commercial aircraft operated by a number of international airlines.

Salem Rashid Al Noaimi, CEO and Managing Director of Waha Capital, said: "The disposal of our stake in AerLift demonstrates the rapidly accelerating implementation of our strategy to focus on our core assets and become a leading regional investment management company. We have crystallised a good return to our shareholders through this sale, which adds to the capital base we are building to make future investments in areas of strong growth potential.

UAE's Waha Capital sells its stake in AerLift

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