Novus Aviation Capital, a Dubai-based aircraft leasing and financing platform, has announced the launch of Tamweel Aviation Finance III (TAF III), its third secured second-lien debt fund dedicated to financing Airbus aircraft. TAF III is a closed-end fund co-sponsored by Airbus, Development Bank of Japan Inc. and Novus.
Building on the success of its predecessors, TAF III will be managed by Novus and will continue to provide secured second-lien financing solutions to airline customers. Since its inception, the Tamweel Aviation Finance platform has proven its value for both airline and lessor borrowers seeking to diversify funding sources and optimise capital structures. It has demonstrated flexibility by combining second-lien financing with a range of structures across multiple geographies, credit profiles and aircraft types. The launch of TAF III follows the full deployment of capital from Tamweel Aviation Finance II, which has now committed all allocated funds.
“Airbus is proud to continue its 12-year positive track record with the Tamweel Aviation Finance funds, and we are delighted to be a sponsor of this third fund,” said Paul Meijers, Executive Vice President – Head of Commercial Transactions at Airbus. “TAF has proven itself to be a highly efficient and effective tool, not only supporting Airbus delivery financing but also offering significant value through enhanced financing options for our customers.”
