Veling announces partnership with Flexpoint Ford

Veling, a niche aircraft leasing company, announced a partnership with Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors. The partnership will provide Veling with equity capital to support the purchase and leaseback of over US$1bn of commercial aircraft to high-quality airlines over the next two years. Veling, based in London and Mauritius, has an extensive track record of providing airline partners with compelling financing for leased commercial aircraft. The Veling management team, led by its co-founders Uday Nayak and Nirvan Veerasamy, has several decades of experience in the aviation industry, including in the three key areas of aircraft manufacturing, airline operations and aircraft ownership/financing.