| DAE Capital | DAE Group
Managed fleet on target to grow to US$5 billion
Dubai, U.A.E., 21 January 2019 – Dubai Aerospace Enterprise (DAE) Ltd today announced that it continues to make strong progress in building its managed aircraft portfolio. In 2018 DAE concluded transactions adding 19 aircraft to the portfolio valued at over US$500 million, taking DAE’s total managed fleet to 54 aircraft.
DAE is growing its managed portfolio both through sales of assets targeted for divestment and by working with investors to identify portfolios specifically suited to their needs and available in the market. DAE’s Aircraft Investor Services (AIS) service offering provides investors access to the full expertise across the DAE platform including substantial in-house capabilities related to asset re-marketing, asset valuation, asset disposition strategy, maintenance condition forecasting and valuing, asset surveillance, and credit analysis.
Commenting on the growth of the DAE AIS managed aircraft business, Firoz Tarapore, Chief Executive Officer of DAE said: “DAE has listened to the investor community to discern what investors truly need in an aircraft manager. Investors tell us they want a capable and time-tested platform that is continuously active in the marketplace with strong service standards and direct access to skillsets within the platform so they can make better, more timely decisions regarding their aircraft assets. The combination of DAE’s top tier leasing platform with a service offering dedicated to providing a suite of bespoke services suited to individual investor needs sets DAE apart. DAE continues to aim to be the asset manager of choice in the eyes of aircraft investors and we are pleased to have achieved substantial growth in the short year since we launched our AIS offering.”
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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 approximately 355 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:
| Media | Fixed Income Investors |
| Arne Bevaart | Sinan Kahya |
| +971 4 428 9591 | +971 4 428 9593 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |