January 26, 2015
DAE and Azul announce completion of sale leaseback transactions
Dubai Aerospace Enterprise (DAE) Ltd. and Azul Brazilian Airlines announced today that they had recently completed the delivery of 5 ATR 72-600s to the airline. DAE Managing Director Khalifa H. AlDaboos said: “We are delighted to include AZUL as one of DAE’s new clients in Latin America. We look forward to a mutually rewarding long-term relationship with Azul in this rapidly expanding market. We intend to continue to develop our business and increase our fleet through sale and lease-backs of targeted aircraft, such as the ATR 72-600 aircraft.” In 2014, DAE placed a direct order with the manufacturer for up to 40 ATR 72-600s. The total portfolio at year-end 2014 is approximately US$3.6bn.