DAE signs agreements to sell nine aircraft

Dubai Aerospace Enterprise’s (DAE) leasing division DAE Capital has recently signed agreements to sell nine narrow and wide body aircraft with a total market value of approximately US$500 million. The aircraft sales are all expected to close in 2021. Firoz Tarapore, Chief Executive Officer of DAE commented “The post-pandemic market for trading aircraft assets is robust. These transactions demonstrate DAE’s ability to originate and trade aircraft assets with a lease attached from high quality airline credits.”