National Bank of Abu Dhabi and Germany's DVB will launch a fund of up to $100 million to buy and lease aircraft, an official with the Abu Dhabi bank said on Monday.

Nicholas Gilani, co-head investment banking group of National Bank of Abu Dhabi, said the five-year, close-ended fund is targetting $70 million to $100 million.

'The interest has been good so far. With the liquidity situation now, we'd be happy to go over $70 million to $100 million initially,' he told reporters at an investment conference.

DVB is a unit of German state-owned development bank.-Reuters