Press Release
Waha Capital Delivers Four Bombardier CRJ900 Aircraft to
SkyWest Leasing Inc.
18 October, 2010, Abu Dhabi, UAE: Waha Capital, the Abu-Dhabi-based diversified investment holding
company, announced the delivery of four Bombardier CRJ900 aircraft to SkyWest Leasing Inc., a subsidiary of
SkyWest Inc. the largest US regional airline on long-term operating leases. The aircraft will be used by one of
SkyWest’s affiliates.
Salem Al Noaimi, CEO of Waha Capital PJSC said: “We are delighted to conclude this major transaction with
such a leading US airline such as SkyWest. The lease deal consolidates Waha Capital’s position as one of the
region’s key financial and investment institutions and raises its global profile in the aircraft leasing sector. We
look forward to a long-term and productive relationship with SkyWest, which we see as an important partner in
our effort to expand internationally.”
He further said: “The fact that this transaction has become a reality despite the challenging global economic
environment points to Waha Capital’s fundamental strengths. At a time when most companies in this sector
are postponing business expansion plans, our strong position allows us to actively look for new business
opportunities. The success of this transaction encourages us to continue with our strategic growth plans.”
Michael Kraupp, Vice President Finance & Treasurer, of SkyWest Inc said: "We are very pleased to take
delivery of the four Bombardier CRJ900 aircraft, which will allow us to better support the operations of one of
our affiliates.”
The delivery of the Bombardier CRJ900 aircraft to SkyWest Leasing Inc. was managed by Waha Capital’s
subsidiary, Waha Leasing, which has significant expertise in the aircraft leasing business. For more than a
decade, Waha Leasing has been the UAE’s leading big-ticket leasing company, operating in the areas of
aircraft, shipping and infrastructure. Waha Leasing is currently seeking to expand organically through
acquisitions, joint ventures and partnerships.
Today, Waha Leasing manages or has a financing interest in over 100 commercial aircraft operating in four
continents worth AED 16 billion ($4.32 billion). Apart from SkyWest Inc., its clients include Emirates Airlines,
Singapore Airlines, Aeroflot, Qatar Airways, Air Canada and Malaysia Airlines.
-Ends 1
Editor's Notes:
Waha Capital is an Abu Dhabi Securities Exchange-listed and Abu Dhabi-based diversified
investment holding company. Waha Capital has adopted a clear vision and strategy to drive multisector business growth and diversification through acquisitions, joint ventures and creation of new
business. Its business today is spread across sectors as diverse as leasing, financial services,
maritime, oil and gas, and real estate development. Waha Capital's main institutional
shareholders are Mubadala Development Company and AD Invest. For more information please
visit www.wahacapital.ae
For further information, please contact:
Amira Abdulla
Director- Corporate Communications
Waha Capital
Tel: +9712 66 77 343
Dir: +9712 4039 378
Fax:+9712 66 77383
Mobile:+971 (50) 6671220
E-mail: amira.abdulla@wahacapital.ae
2