#Dubai Aerospace Enterprise grows fleet to 54 aircraft - The National

Dubai Aerospace Enterprise grows fleet to 54 aircraft - The National:

Dubai Aerospace Enterprise, the Dubai aircraft lessor, added 19 jets to its portfolio over the course of 2018, taking its total managed fleet to 54, valued at more than $500 million (Dh1.83 billion).

In December, DAE agreed to sell 18 jets to institutional investors as part of plans to divest certain assets in order to grow its managed aircraft portfolio. The Middle East’s biggest plane lessor is also working with investors through its new Aircraft Investor Services (AIS) division to identify portfolios suited to their needs and the demands of the market, it said on Monday.

“DAE has listened to the investor community to discern what investors need in an aircraft manager,” said Firoz Tarapore, chief executive of DAE.