International Investment Bank (IIB) delivers profitable exit from aircraft leasing deal
International Investment Bank (IIB) announced the disposal of a Boeing 777-300 ER aircraft, resulting in over 30% IRR for the Bank. The aircraft, which was purchased by IIB in a sale and leaseback transaction earlier this year, is on lease to a leading regional airline on a non-cancellable basis for a period of nine years, and has recently been sold to an international buyer. IIB is currently exploring other attractive deals in the aviation market, IIB Chief Executive Officer, Subhi Benkhadra said.
Syndicate
