Novus Aviation Capital has launched **Tamweel Aviation Finance III**, its third junior debt fund targeting Airbus aircraft acquisitions. This follows the proven success of prior funds in supporting airline and lessor financing needs.
The new vehicle builds on Tamweel Aviation Finance (TAF I) and Tamweel Aviation Finance II, both dedicated to Airbus widebody and narrowbody deals. TAF II, launched post-2013, funded multiple Airbus transactions, including junior loans for high-value assets like Virgin Atlantic’s A350-1000 delivery in 2024.
Novus, a Dubai-based lessor, manages the fund from its Cayman Islands base, with operations in Hong Kong. It emphasizes junior debt structures, often paired with senior loans from banks like La Banque Postale, MUFG, and Natixis CIB in French-optimized leases.
Recent activity includes financing three Airbus A220s for Breeze Airways with PK AirFinance in March 2026. The launch addresses rising demand for flexible financing amid Airbus order backlogs, enabling lessors to secure competitive returns on mid-life and new aircraft.
This platform strengthens Novus’s position in the $200 billion aviation finance market, where junior debt fills gaps in traditional bank lending for operational efficiency.