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Dubai Aerospace Corporation (DAE) buys new Airplanes

news agency wam , 29 Oct 2024 - 13:44

Dubai Aerospace Corporation (DAE) said in a statement that the company recently signed a contract for the purchase of 10 aircraft for a total amount of about 0.5 billion dollars.


According to Amac News: In the announcement of Dubai Aerospace Corporation, it is stated that the aircraft portfolio is 100% of the next generation narrow-body aircraft, which are leased to 4 airlines in 4 countries.
In addition, DAE has initiated and managed the purchase and sale of shares in 36 managed aircraft from existing investors to new investors.
These aircraft are managed by the Aircraft Investor Services (AIS) division for institutional investors, an industry-leading team that supports a global investor base in managing over 100 aircraft across a variety of investment strategies.
All aircraft are expected to be closed by the end of 2024.


Story Code: 1947

News Link :
https://www.amacnews.com/en/news/1947/dubai-aerospace-corporation-dae-buys-new-airplanes

AMAC
  https://www.amacnews.com