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Engine Lease Finance Corporation and DVB Bank AG enter into new $50 million engine leasing venture.

Publication: M2 Presswire
Publication Date: 02-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-2 February 2006-Engine Lease Finance Corporation: Engine Lease Finance Corporation and DVB Bank AG enter into new $50 million engine leasing venture(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:02022006

Engine Lease Finance Corporation (ELF), the world's largest independent aero-engine lessor, has joined with DVB Bank AG (DVB), the Frankfurt-based bank that specialises in transport finance, to co-invest in a package of 13 commercial aircraft engines acquired from the ELF portfolio through new venture Deucalion Engine Leasing (Ireland) Limited.

The engines consist of three CF6-80, three CFM56, three V2500, one AE3007, two JT8D-200 and one...

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