Thursday 2 July 2020

#Dubai Aerospace Enterprise mulls more rent deferrals amid pandemic impact - Arabianbusiness

Dubai Aerospace Enterprise mulls more rent deferrals amid pandemic impact - Arabianbusiness:

Aircraft leasing company Dubai Aerospace Enterprise (DAE) said it has granted 29 rent deferral requests totalling aggregate rent of approximately 12 percent of annual reported revenue amid the Covid-19 pandemic.

In a statement outlining its current position, DAE said that it is mulling another 28 rent deferral requests, totalling aggregate rent of 6 percent of annual reported revenue.

According to DAE, its owned, managed and mandated-to-manage fleet has remained stable at over 400 aircraft.

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