Waha Capital offloads AerLift stake

April 7, 2014 10:22 am

Abu Dhabi investment firm, Waha Capital has said it has sold its stake in AerLift Leasing to an unidentified US firm for an undisclosed amount, Reuters has reported. “We have crystallised a good return to our shareholders through this sale, which adds to the capital base we are building to make future investments in areas of strong growth potential,” said Waha chief executive, Salem Rashid al-Noaimi, without revealing the deal value or identifying the buyer. At the end of 2012, Waha had a 60.4% stake in AerLift Leasing, which is incorporated in the Isle of Man.