Airbus and Abu Dhabi National Leasing Company (ADNL) signed an agreement to cooperate on aircraft financing and leasing.

Under the memorandum of understanding agreed to by the companies, “ADNL will facilitate and provide aircraft delivery financing solutions to airlines in the Gulf … region for the acquisition of aircraft ordered from Airbus,” according to Airbus. “ADNL will in addition provide financing support by way of sale and leaseback transactions with its airline customers for Airbus aircraft.”

ADNL is the lease finance arm of the National Bank of Abu Dhabi.