Pembroke agrees sale and leaseback deal with FlyDubai
Aircraft leasing:Ireland-based aircraft leasing and financing business Pembroke Group, a subsidiary of Standard Chartered, has agreed a $172 million (€137 million) sale and leaseback deal with FlyDubai, the low-cost carrier owned by the Dubai government.
FlyDubai said it had obtained the financing from Pembroke Group under an eight-year sale and leaseback agreement to fund two Boeing 737-800 NG aircraft.
Pembroke was acquired by Standard Chartered from Medulla Asset Managers in 2007. It has a portfolio of more than 80 aircraft. – (Bloomberg)