Dubai, U.A.E., 20 August 2017 – Dubai Aerospace Enterprise (DAE) Ltd. has today completed the previously announced acquisition of the AWAS group of companies.
The acquisition of AWAS propels DAE into the top tier of global aircraft lessors. DAE will now conduct its aircraft leasing business using the DAE Capital brand name.
DAE Capital now features:
DAE Chief Executive Officer Firoz Tarapore said: “This acquisition of the best-in-class AWAS platform provides DAE with an enhanced market position. This combined with our capital strength and our committed long-term ownership will allow us to provide a more comprehensive range of aviation fleet and financing solutions to our clients across the globe. The senior management team, representing the best of AWAS and DAE, is now in place and focusing on the seamless integration of the businesses.”.
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized and award-winning aerospace company headquartered in Dubai. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
Alec Elliott +353 87 187 9161
Arne Bevaart +971 4 428 9591
DIFC, The Gate District, Building 4, Level 3, P O Box 506592, Dubai, United Arab Emirates
Telephone: +971 4 428 9500