DAE reports Q1 2018 strategic and operational highlights

Eleanor Steed
By Eleanor Steed April 17, 2018 16:53

DAE reports Q1 2018 strategic and operational highlights

Dubai Aerospace Enterprise (DAE) calls out the integration of its leasing arm DAE Capital with AWAS as the foremost achievement for the company during the first quarter of 2018.

Also during this period, DAE launched third-party aviation asset management unit (DAE Aircraft Investor Services), which targets assets under management of $5 billion.

DAE Capital became a launch customer for Rolls-Royce’s LessorCare and appointed Abdulmalek Murad (formerly of Etihad and Gulf Air) as Chief Operating Officer for its engineering division Joramco.

During the first quarter, DAE Capital purchased six new aircraft, completed 15 leasing transactions, taking its owned, managed and committed fleet to 382 aircraft, with an average age of 5.74 years and an average lease term of 6.02 years. The lessor has 17 committed pipeline units and 10 committed purchase lease back units in place.

Eleanor Steed
By Eleanor Steed April 17, 2018 16:53