DVB Bank

NBAD, DVB to jointly launch ‘Aviation Investment Fund’

National Bank of Abu Dhabi (NBAD) has entered into 50:50 joint venture with Germany-based DVB Bank (DVB), to launch an aviation investment fund in the domestic market. 

Sources reported that the fund, to be launched within the next 60 days, will finance the acquisition of assets that the banks will then lease out to international airlines. The fund will invest in aviation assets, principally aircraft and engines on lease to international airlines.