DAE Capital signs agreements to sell nine narrow- and wide-body aircraft

©Dubai Aerospace Enterprise (DAE)

Dubai Aerospace Enterprise’s leasing division DAE Capital has 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.”

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