Fitch Ratings has published Dubai Aerospace Enterprise (DAE) senior unsecured long-term rating of BBB- and DAE’s senior secured long-term rating of BBB. The company has said that DAE’s ratings reflect the firm’s materially enhanced scale, following the acquisition of AWAS Aviation Capital Designated Activity Company (AWAS). The rating also reflects a diverse fleet profile and solid cash flows, Fitch says. At the end of the first quarter 2019, DAE’s owned, managed and ordered fleet consisted of 354 aircraft, valued at around $13 billion, consisting of Airbus A320s, Boeing 737s, ATR 72-600s and Airbus A330s. The firm also owns freighters, including
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