UAE to rent planes

The United Arab Emirates will shortly launch a new specialized company to rent planes for states and airline companies for the long run at a capital of USD 150 million with the contribution of 6 investors. Two from the UAE, two from the Gulf Cooperation Council and the other two are from the United States.

In this respect Captain Alya Seif al-Humeiri one of the six investors said in a statement on Wednesday in Abu Dhabi that the company's new fleet will include 18 planes of various types and size. Two planes of the fleets will be for air shipping.