Dubai – Mubasher: DAE Capital, the leasing division of Dubai Aerospace Enterprise (DAE), has inked agreements to sell nine narrow and wide body aircraft in exchange for $500 million.
The aircraft sales are expected to close in 2021, according to a press release on Tuesday.
The CEO of DAE, Firoz Tarapore, 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.
