Subscribe Free
in Business Aviation

DAE completes acquisition of AWAS

Posted 21 August 2017 · Add Comment

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of the AWAS group of companies.

The acquisition of AWAS propels DAE into the top tier of global aircraft lessors. DAE will now conduct its aircraft leasing business using the DAE Capital brand name. 

DAE Capital now features: 

-          an owned, managed and committed fleet of approximately 400 aircraft with a value of over US$14 billion; 

-          full service capability to 117 airline customers in 57 countries from offices in Dubai, Dublin, Singapore, Miami, Bellevue and New York; and 

-          over three decades of experience in the global leasing market. 

DAE chief executive officer Firoz Tarapore, said: “This acquisition of the best-in-class AWAS platform provides DAE with an enhanced market position. This combined with our capital strength and our committed long-term ownership will allow us to provide a more comprehensive range of aviation fleet and financing solutions to our clients across the globe. The senior management team, representing the best of AWAS and DAE, is now in place and focusing on the seamless integration of the businesses.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Oman Air makes premium comfort amenities in time for Eid Al Adha

Oman Air makes premium comfort amenities available for all on selected flights in time for Eid Al Adha.

Bryan Thompson appointed CEO of Abu Dhabi Airports

Bryan Thompson has been appointed Chief Executive Officer (CEO) of Abu Dhabi Airports.

Etihad Airways and Al Nassr FC announce partnership

Etihad Airways has signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC.

Cobalt Air signs multi-year agreement with Travelport

Travelport has signed a new multi-year content agreement with Cobalt Air, which includes the use of the company’s leading merchandising tool, Travelport Rich Content and Branding.

Turkish Airlines sees operating net profit in first half of 2018

Turkish Airlines posted a USD 258 million Operating Net Profit in the first half of 2018.

Mighty task for Hercules in Middle East

Nearly 200 C-130 Hercules aircraft have been operated by Middle East air forces since the first was delivered to Iran in 1962. Alan Warnes reports.

TAA SK0902311218
See us at
MAPS18_BT1207131118Cargo BT1004091018BIAS BT271017161118MEBAA BT1004121218AIME19BTA3005120219GATM BT1004061118ASDubai BT1004091018Aviation Africa BT0607280219Istanbul Airshow BT22018MarrakechAirshow BT2507241018