Monday, June 24, 2024

Aircraft worth $500m set to take to the skies: DAE

Reaffirming the demand for travel, Dubai Aerospace Enterprise (DAE), a global aviation services company, said that its leasing division DAE Capital recently signed agreements to sell nine narrow and wide body aircraft with a total market value of approximately $500 million.

The aircraft sales are all expected to close in 2021.

Firoz Tarapore, Chief Executive Officer of DAE said: “The post-pandemic market for trading aircraft assets is robust. These transactions demonstrate DAE’s ability to originate and trade aircraft assets with a lease attached from high quality airline credits.”

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