Dubai aircraft lessor DAE acquires 10 aircraft for $500 million

In addition, DAE initiated and managed the purchase and sale of equity interests in 36 managed aircraft from existing investors to new ones. “These aircraft are managed for institutional investors by our Aircraft Investor Services (AIS), an industry-leading team that supports a global investor base in managing more than 100 aircraft across a variety of investment strategies,” it said.

Firoz Tarapore, CEO of DAE, said: “We are pleased to continue to add next-generation fuel-efficient technology assets to our portfolio. We look forward to welcoming a new airline customer to our tenants and further deepening our relationships with three more airlines.”

Tarapore said: “Once delivered, these young aircraft with long lease periods are expected to be favorable to our portfolio performance.”

“Our AIS team’s capabilities have earned a strong reputation among investors who are increasingly willing to commit their capital to aviation assets and are looking for an experienced lessor partner. We continue to expand our footprint by managing a diverse pool of assets for a variety of investors.”