Dubai – Mubasher: Dubai Aerospace Enterprise (DAE) on Monday announced that it has boosted its portfolio to 54 aircraft in 2018.
Over the course of the previous year, DAE, an aerospace corporation and one of the largest aircraft leasing companies in the world, concluded transactions which added 19 aircraft to the portfolio worth $500 million, raising its fleet to 54 airplanes.
“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,” the company said in a statement.
Moreover, the company’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, the statement added.
“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,” Firoz Tarapore, CEO of DAE, commented.
It is worth mentioning that 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.
