DAE reports $2.8 billion of available liquidity 

DAE said today that it ended 1Q2020 with available liquidity of approximately US$2.8 billion and its owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During 1Q2020, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 aircraft. Firoz Tarapore, DAE’s chief executive said, “In these unprecedented times, DAE has positioned itself to operate calmly and to balance the needs of all our important constituents – employees, customers, bondholders and banks, and shareholders. During the last two years, we raised significant liquidity to protect our business from unforeseen market developments, sold more assets than we