Gulf International Bank Group as completed the acquisition of US $ 3.65 Billion aircraft finance debt portfolio from leading German and Swiss banks.
(PRWEB) December 17, 2004 -- Gulf International Bank Group as successfully
completed the acquisition of US $ 3.65 Billion aircraft finance debt portfolio
consisting of both cargo and commercial aircraft financed to Virgin Atlantic,
British Airways, Air France, Lufthansa from leading German and Swiss banks.
The GIB Group is a leading finance company based in Bahrain and Dubai, U.A.E. with assets of more than US $70 Billion. Aircraft assets will be managed by Gulf Aviation International Ltd. a Philadelphia, U.S.A. based wholly owned subsidiary of Gulf International Bank Group.
Gulf International Bank Group "GIB Group" is a privately held finance company based in Bahrain and Dubai, U.A.E. The GIB Group was founded in 1965 by local investors looking to invest in diverse sectors like Air transport, cargo and heavy industrial equipment transport, Equipment financing, Real Estate and Project financing, Shipping and Marine finance, Telecommunication, Infrastructure development, and Health care finance and development.
The Investment Banking business combines corporate advisory activities with the Equity Capital Markets (ECM) unit, which deals with equity operations and the structuring of equity derivatives.
Asset-based financing, Islamic financing, Japanese Operating Leverage leases, German Leases, Currency based financing and other traditional financing and leasing options and solutions are provided to our valuable customers.
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Source : http://www.prweb.com/releases/2004/12/prweb189835.htm