Qatar's Lesha Bank to acquire Aircraft lessor Amedeo in $1 billion deal

Amedeo Air Four Plus

06/03/2026 08:04

March 6 (Reuters) - Lesha Bank, formerly known as Qatar First Bank, said on Friday it would acquire Guernsey-based aircraft lessor Amedeo Air Four Plus AA4.L in an all-cash deal, implying an enterprise value of 751  million pounds ($1 billion).

AA4+ shareholders will receive 73 pence per share, valuing the equity at about 190 million pounds, representing a nearly 33% premium to its March 5 closing price.

The deal comes at a time when the airline and tourism industries are scrambling to manage disruption from the escalating U.S.-Israeli air war against Iran.

Lesha Bank, with a market value of about QAR 1.9 billion ($521.1 million), operates a global aviation leasing and investment platform through Lesha Aviation Capital.

AA4+, which leases wide-body aircraft to Emirates and Thai Airways, owns a fleet of 12 such jets from Airbus AIR.PA and Boeing BA.N

The deal aligns with Lesha Aviation Capital's strategy of growing a diversified fleet and investing in new-technology aircraft, with the boards of all parties agreeing to the terms of a recommended all-cash deal.

($1 = 0.7481 pounds)

($1 = 3.6465 Qatar riyals)

 (Reporting by Ankita Bora in Bengaluru; Editing by Sumana Nandy)

 ((Ankita.Bora@thomsonreuters.com;))