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Monday, 24 April 2017

Dubai Joins Jet-Lease Elite as AWAS Deal Lands $14 Billion Fleet - Bloomberg

Dubai Joins Jet-Lease Elite as AWAS Deal Lands $14 Billion Fleet - Bloomberg:

"Dubai Aerospace Enterprise Ltd., the Middle East’s biggest plane-leasing company, propelled itself into the top ranks of global players with a multi-billion dollar agreement to buy Dublin-based AWAS Aviation Capital Ltd. from U.K. private equity firm Terra Firma Capital Partners.

The transaction will swell DAE’s fleet to 394 aircraft valued at more than $14 billion with the addition of 263 jets that AWAS owns, manages or has on order, the Dubai-based company said Monday. While terms weren’t disclosed, Terra Firma spent 5.68 billion euros ($6.2 billion) on AWAS, according to its website."



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