Lesha Bank Completes Acquisition of Equity Interests in Diversified Aviation Portfolio

Doha, September 01 (QNA) - Lesha Bank LLC, through its Lesha Aviation Fund, has completed the acquisition of equity interests in a diversified aviation portfolio comprising 18 aircraft. The transaction represents another significant milestone in the continued growth of the Bank's aviation investment.

The aircraft are leased to 9 airlines across 8 countries, providing broad diversification by operator and geography. Following completion, the portfolio will be managed by Lesha Aviation Capital, Lesha Bank's aircraft leasing entity based in Dublin, Ireland.

Mohammed Ismail Al Emadi, Group Chief Executive Officer of Lesha Bank, commented: "We are delighted to have completed this acquisition, which further strengthens our position as a growing investor in the global aviation leasing sector. This transaction adds a high-quality and diversified portfolio of assets, increases our exposure to new technology aircraft and broadens our relationships across a range of airline operators and markets. The portfolio's long-term contracted cash flows and attractive diversification characteristics are highly complementary to our existing investments."

The acquisition further advances Lesha Bank's strategy of building a scaled and diversified portfolio of aviation assets, while increasing exposure to modern, fuel-efficient aircraft operated by a broad mix of established airline customers. The transaction also enhances diversification across aircraft types, lessees and geographic markets, supporting the continued growth of Lesha Bank's aviation investment. (QNA)