Clover Aviation Capital Wins Airline Economics Middle East & Africa Lease Deal of the Year 2023

26 Sep 2023

We are delighted to announce that Clover Aviation Capital has been awarded the “Airline Economics Middle East & Africa Lease Deal of the Year 2023” for our recent sale and leaseback transaction involving two new Boeing 737 MAX 8 aircraft with flydubai, the Dubai-based carrier.

This award highlights our commitment to delivering both innovative and expedient financing solutions to our airline customers around the globe which was made possible with the flexible financing support we received from Mizuho Bank. This particular transaction represents a key milestone for Clover with flydubai being our first customer from the United Arab Emirates and the Middle East, one of the major global aviation hubs.

“We are honoured to receive this prestigious award which is a testimonial of our team’s hard work and dedication to continually providing a best-in-class service to our airline customers,” commented Zheng Haiyan, Executive Vice President, Head of Airline Marketing and Head of Acquisition and Trading of Clover Aviation Capital.

Arbind Kumar, Senior Vice President, Finance at flydubai commented: “We would like to congratulate Clover Aviation Capital on receiving this award. As one of our sale and leaseback finance partners, we appreciate the confidence Clover has in flydubai and we look forward to maintaining this successful relationship as we continue to grow our fleet of Boeing 737 MAX aircraft.”

flydubai has created a network of more than 115 destinations in 52 countries, served by a young and efficient fleet of 78 Boeing 737 aircraft.

We would like to thank our partners Mizuho Bank and Norton Rose Fulbright for providing tremendous support to us on this transaction, and flydubai whom we look forward to working with for many years to come. 

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