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Article: Paris Air Show: CIAF Holding and Aviation Capital Group Form Joint Venture Aircraft Leasing Company.
- Article from:
- Business Wire
- Article date:
- June 16, 2009
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PARIS -- Civil Aviation Finance Holding Co. (CIAF Holding), an Egyptian corporation, and US lessor Aviation Capital Group (ACG) today announced the formation of a joint venture aircraft leasing company to serve Egypt, the Middle East and Northern Africa.
The company is named Civil Aviation Finance and Operating Leases Co., or CIAF-Leasing. Executives of Egypt CIAF Holding and ACG signed the final documentation at the Paris Air Show during a press conference. Operations are expected to begin in the fourth quarter this year.
The shareholders are CIAF, ACG, an aircraft leasing company rated among one of the top five companies in the industry, and the Civil ...