Leasing

DAE signs agreements to sell nine aircraft

By Dino D'Amore Jul 06, 2021 1 mins read

DAE signs agreements to sell nine aircraft

Dubai Aerospace Enterprise’s (DAE) leasing division DAE Capital has recently signed agreements to sell nine narrow and wide body aircraft with a total market value of approximately US$500 million.

The aircraft sales are all expected to close in 2021.

Firoz Tarapore, Chief Executive Officer of DAE commented “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.”

Tags: DAE Dubai Aerospace Enterprise

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