Targets assets under management of $5 billion
Dubai, U.A.E., 16 January 8 – DAE Capital, Dubai Aerospace Enterprise’s leasing division, today announced the creation of DAE Aircraft Investor Services (DAE-AIS), a separate unit dedicated to servicing the needs of debt and equity investors in aviation assets.
DAE-AIS will:
- Leverage DAE’s full service, global platform to provide bespoke asset management solutions to investors in aviation assets,
- Provide investors a single point of contact dedicated to championing their interests within the wider DAE platform, and
- Ensure a best-in-class standard of care for investors’ assets.
Commenting on the creation of DAE-AIS, Firoz Tarapore, Chief Executive Officer of DAE said: “DAE-AIS will provide a unique offering blending our full platform capabilities with a dedicated service unit led by industry veteran Dan Stone. Dan will be responsible for growing the assets under management of approximately $850 million to $5 billion to address the growing needs of investors in this sector.”
DAE’s platform has a multidisciplinary team of 140 individuals with more than 30 years of experience investing in and managing a wide range of aircraft assets. DAE’s team has substantial experience in all aspects of aircraft leasing and management, with a focus on the full range of aircraft from turboprops to wide-body aircraft across the entire age spectrum from new aircraft deliveries to end of life solutions.
*ENDS*
About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$14 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
Arne Bevaart +971 4 428 9591 | Alec Elliott +353 87 187 9161 | press.office@dubaiaerospace.com