DAE signs agreements to sell aircraft valued at US$500 million

Dubai, U.A.E., 6 July 2021 – Dubai Aerospace Enterprise (DAE) Ltd announced today that its leasing division DAE Capital 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.”