DAE granted 29 rent deferrals in H1

DAE has granted 29 rent deferral requests  totalling aggregate rent of about 12% of annual reported revenue and is evaluating another 28 representing  6% of annual revenues, the firm said in a H1 update . The statement said the lessor expected to provide additional assistance to its clients and for arrears to climb in the light of current market conditions. Firoz Tarapore, DAE’s chief executive officer said, “The first half of 2020 has proven to be the most challenging half year ever for the global aviation industry. As we continue to navigate through uncertain times, DAE has focused on executing well on