Subscribe Free
in Business & Finance

Managed aircraft portfolio to top US$2.7 billion

Posted 23 September 2019 · Add Comment

Dubai Aerospace Enterprise (DAE) has been mandated by one of the world’s largest fund managers to source and manage aircraft valued at approximately US$1.4 billion.

 

DAE will acquire the assets and DAE’s best-in-class Aircraft Investor Services (“AIS”) platform will manage the assets on behalf of the investor. The multi-year mandate will involve sourcing and managing the aircraft and assisting the investor with the capital structure for the acquired aircraft. The mandate will primarily target used narrow-body and wide-body aircraft sourced through DAE’s global relationships in secondary market trading and sale-leaseback channels.

The addition of this mandate will bring DAE’s managed portfolio to over US$2.7 billion in assets under management. Coupled with other ongoing projects, DAE fully expects its managed portfolio to grow to its target of US$5 billion.

Firoz Tarapore, chief executive officer of DAE said: “DAE is thrilled to have the opportunity to grow its managed aircraft business by sourcing and managing aircraft for a world-class financial institution. We are off to a flying start and have already sourced 25% of the portfolio.

“We own more than 300 aircraft and will manage more than 100 aircraft. We maintain an active dialog with 250 airline customers. This scale and relevance combined with our 150-person full-service platform and our industry leading AIS offering is a very compelling value proposition for investors in the managed aircraft space” Tarapore added.

Other Stories
Advertisement
Latest News

P7 Aviation adds Boeing B747 Full Flight Simulator

The wide-body aircraft simulator will expand P7 Aviation’s training offering from the current Airbus A320 and Boeing 737 Classic training capability and seeks to support Boeing 747 operators throughout the Middle East, Asia and

Etihad Airways introduces ‘Verified to Fly’ travel document initiative

From 12 May 2021, travellers flying from Abu Dhabi with Etihad Airways will be able to validate their Covid-19 travel documents before arriving at the airport.

Emirates to showcase Premium Economy Seats for the first time at ATM

Emirates will be showcasing its Premium Economy seats for the first time at Arabian Travel Market 2021 (ATM).

Gulf Air offers complimentary COVID-19 travel insurance coverage

Gulf Air will offer complimentary COVID-19 travel insurance coverage to all ticket holders which will include health and quarantine expenses in the unexpected circumstances of being diagnosed with or contracting COVID-19 during

Qatar Airways to participate in St. Petersburg International Economic Forum

Qatar Airways will be one of the leading international companies attending the upcoming St. Petersburg International Economic Forum (SPIEF), scheduled to take place in St. Petersburg, Russia, from 2-5 June.

Airbus resumes work on modernisation of its A320 Family

Airbus has resumed work on the modernisation of its A320 Family industrial capabilities in Toulouse.

WDS SK2601090322
See us at
Aviation Africa 2021 BTOCAviation MENA 2022World Defence Show 2022DAS21_BTF.OPEX21 BT270521