Dubai's aviation leasing firm mulls deferral requests amid Covid-19 pandemic - Arabianbusiness:
Dubai Aerospace Enterprise (DAE) has received over 50 rent deferral requests from airlines around the world amid the ongoing coronavirus pandemic, 11 of which have been granted, the leasing firm said in a business update.
Outlining its current position, DAE said it sold or novated 15 aircraft and acquired four more during the first quarter of 2020, ending the quarter with approximately $2.8 billion, the company has announced.
DAE said it also extended leases on 8 aircraft over the course of the quarter.
“In these unprecedented times, DAE has positioned itself to operate calmly and to balance the needs of all our important constituents – employees, customers, bondholders and banks and shareholders,” DAE CEO Firoz Tarapore said in a statement.
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