Dubai Aerospace Enterprise mandated with $1.4bln investment | ZAWYA MENA Edition:
Dubai Aerospace Enterprise (DAE), one of the largest aircraft leasing firms, has struck a $1.4 billion deal by “one of the world’s largest fund managers” to source and manage aircraft.
DAE declined to mention the fund manager’s identity to Zawya.
The deal brings DAE’s assets under management to more than $2.7 billion, as the company expects its managed portfolio to grow to its $5 billion target, it said in a statement.
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