| DAE Capital | DAE Group
Dubai, U.A.E., 6 July 2021 – Dubai Aerospace Enterprise (DAE) Ltd announced today that its leasing division DAE Capital 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.”
* ENDS *
About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.
DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. 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 | Deion McCarthy |
| +971 4 428 9591 | +971 4 428 9576 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |