The BEXAIR Group moved one step
closer to the creation of the region’s first fully
integrated executive aviation company by offering financing
options. The group has established its own aircraft
leasing company, Arabian Aircraft & Equipment Leasing
Co. (AAELCO), which provides financing services to its
clients throughout the region.
It provides a vehicle
for large amounts of Islamic investments via AAELCO,
as these kinds of asset-based financing transactions
are particularly well suited to Sharia-complaint investing.
AAELCO, along with BEXAIR,
will assist customers to select the right aircraft for
their use through its aircraft evaluation and purchase
consultancy, then finance the aircraft and finally offer
full support, management and maintenance.
AAELCO has a solid track
record in aircraft leasing. It offers attractive leases
in places that have traditionally found commercially
sensible leasing deals to be difficult and extremely