DAE and Azul announce completion of sale leaseback transactions

Dino D'Amore
By Dino D'Amore January 27, 2015 21:17

DAE and Azul announce completion of sale leaseback transactions

Dubai Aerospace Enterprise, DAE, and Azul Brazilian Airlines, have announced that they had recently completed delivery of 5 ATR 72-600s to the airline.

DAE Managing Director, Khalifa H. Al Daboos, said: “We are delighted to include AZUL as one of DAE’s new clients in Latin America. We look forward to a mutually rewarding long-term relationship with Azul in this rapidly expanding market. We intend to continue to develop our business and increase our fleet through sale and lease-backs of targeted aircraft, such as the ATR 72-600 aircraft.”

David Neeleman, Chief Executive Officer and Founder of Azul, said: “We are pleased to add DAE to our list of finance partners and look forward to a long-term relationship with DAE particularly as we increase the number of aircraft in our fleet. With the ATR72-600’s covering our 100 domestic destinations we believe AZUL does and shall continue to truly serve all of Brazil.” In 2014, DAE placed a direct order with the manufacturer for up to 40 ATR 72-600s. The total portfolio at year-end 2014 is approximately 3.6 billion.

Dino D'Amore
By Dino D'Amore January 27, 2015 21:17