With this deal, the five aircraft are now jointly owned by KGAL's Aircraft Portfolio Fund 4 and
OBIC.
Adding to its fleet of more than 60 aircraft, the latter purchased a stake in
OBIC's five Boeing 737-900ER aircraft with the aim of placing them in a fund for German institutional investors, said a company release The five aircraft, which are now jointly owned by
OBIC and GOAL, are on a long term leasing contract with the Sultanate's national carrier Oman Air.
Shahram Hashemi, senior investment manager,
OBIC, agrees, but also adds that he sees potential for Renna to expand beyond Oman.
OBIC Chief Executive Officer Abeer Mohammed Al Abduwani, commented, "The objective of Oman Brunei Investment Company is to become a leading private equity investor in the region, by investing in a diversified range of companies.
The
OBIC was staffed by a part-time physician and nurse practitioner.
Another major component of
OBIC is tracking outcomes in the form of events.
Abeer Mohammed Al Abduwani, CEO, of
OBIC said: "We were impressed by Renna Mobile's operation, and how it has built a strong brand and healthy customer base, while maintaining a very prudent and cost conscious approach to its operations.
We have set up this company to buy and manage aircraft and lease it to airlines and in turn receive returns," Abeer Mohammed Al Abduwani, chief executive officer of
OBIC, told the Times of Oman.
