AerCap Holdings NV agreed to sell a 19-aircraft portfolio to Dara Aviation, an Irish entity established by NCB Capital Co.
As part of the sale, Dara Aviation appointed AerCap Holdings exclusive servicer. AerCap Holdings will provide lease management services including aircraft technical management, lease administration and marketing services.
With the sale, AerCap Holdings will have sold or contracted to sell about $1.4 billion of midlife assets to NCB Capital since 2017, AerCap Holdings CEO Aengus Kelly said in a news release.
NCB Capital is the brokerage arm of Saudi Arabia-based National Commercial Bank.
