Clover Aviation Capital Delivers One Boeing 737 MAX 8 to flydubai

08 Apr 2023

Clover Aviation Capital successfully delivered a new Boeing 737 MAX 8 aircraft to flydubai, the Dubai-based carrier, on 31 March 2023 under a sale and leaseback financing structure.

This is the first aircraft financing transaction that Clover Aviation Capital has closed with flydubai, and is one of two Boeing 737 MAX 8 aircraft sale and leaseback financing deals mandated by that airline to Clover in 2023. “We are excited about this opportunity and look forward to building a long-term working partnership with flydubai and expanding our presence in the GCC and the Middle East with this transaction,” stated Haiyan Zheng, Clover Aviation Capital’s Executive Vice President, Head of Airline Marketing.

Arbind Kumar, Senior Vice President, Finance at flydubai commented: “We are pleased to add Clover Aviation Capital to our list of sale and leaseback finance partners and look forward to a long and successful relationship as flydubai continues to grow its fleet of Boeing 737 MAX 8 aircraft. We value the confidence the market has in flydubai and continue to look at different ways to diversify our fleet financing needs.”

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