FARNBOROUGH – Boeing and Novus Aviation Capital, based in Dubai has signed their first direct agreement with Boeing for up to four 777-300ER aircraft at list prices of $1.44 billion.

The carrier currently has 24 years experience in the aircraft leasing, financing, and trading market and currently has a fleet of over 50 aircraft valued at $4 billion.

“We are delighted to complete a new milestone in our investment strategy and our cooperation with Boeing,” said Hani Kuzbari, Managing Director at Novus Aviation Capital.

“This is in line with our continuous pursuit to create value within our aircraft portfolio. We have successfully invested in the Boeing 777 over the last decade with proven return on our investment. The aircraft type remains a strong long-haul wide-body aircraft for our airline customers globally.”

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“It is an honour to have Novus join the Boeing family with this commitment,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company.

“The selection of the Boeing 777 will enable Novus to offer exceptional value to their customers around the world. Today’s agreement demonstrates the market-leadership of the enduring 777 program and we look forward to working closely with the customer to finalize this milestone order.”

The 777-300ER’s for Novus can sit up to 386 passengers in a three-class configuration and has a range of 7,930 nautical miles. Novus can also benefit from the high reliability the aircraft provides, which is around 99.5%.

This is the final deal that has come from Boeing to conclude their time at the airshow. They have managed to secure a significant number of orders across the different family lines, including the 777 families now.

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It will be interesting to see what their wrap-up is and how many aircraft that they have sold at the show. Make sure to stay tuned to Airways for in-depth analysis of the results at FIA18!