DAE signs agreements to sell aircraft valued at $500m

Dubai - The post-pandemic market for trading aircraft assets is robust.

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A Staff Reporter

Published: Tue 6 Jul 2021, 2:36 PM

Last updated: Tue 6 Jul 2021, 2:37 PM

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 $500 million.The aircraft sales are all expected to close in 2021.

Firoz Tarapore, Chief Executive Officer of DAE, said: “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.” — business@khaleejtimes.com

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A Staff Reporter

Published: Tue 6 Jul 2021, 2:36 PM

Last updated: Tue 6 Jul 2021, 2:37 PM

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