Subscribe Free
in Business & Finance

DAE almost trebles fleet with Irish acquisition

Posted 24 April 2017 · Add Comment

Dubai Aerospace Enterprise (DAE) is to take over the Dublin-based AWAS aircraft leasing group from Terra Firma Capital Partners, a UK-based private equity firm, and the Canadian Pension Plan Investment Board.

The acquisition gives the Dubai lessor a significant boost almost trebling its aircraft fleet. The deal is believed to be financed by DAE’s own resources and committed debt financing, and is expected to be completed in the third quarter of this year once the necessary regulatory approvals are received..
The combined company will have an owned, managed and committed fleet of 394 aircraft with a total value of more than US$14 billion. It will serve over 110 airline customers in over 55 countries from offices in Dubai, Ireland, Singapore and the United States.
"This acquisition is strategically compelling and propels DAE into a top 10 aircraft leasing platform," said Khalifa Al Daboos, DAE’s managing director.
AWAS has a fleet of 263 aircraft on its books including 23 new aircraft due to be delivered before the end of next year.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Why politics and technology must work together

Alan Dron learns about five global 'drivers of change' in the air traffic management sector.

New airport to help the pilgrims progress

Work is under way to establish a new international airport in Taif, Saudi Arabia, to help meet growing demand for haj and umrah flights. Alan Dron reports.

Emirates Airline to improve passenger experience at Terminal 3

Travellers departing from Dubai International Airport Terminal 3 can look forward to a smoother airport experience with the implementation of two new initiatives that will streamline the check-in and immigration checks at

Executive AirShare's Launch Lease offers Middle-Market companies travel flexibility

Companies of all sizes see the impact private travel can make to their bottom line. By avoiding the hassle and delays of commercial travel, their leaders utilise their time more efficiently to see more people, more frequently, to ensure

Oman gets first Typhoon

The Royal Air Force of Oman has received its first Eurofighter Typhoon combat jet - part of a batch of 12 - with its arrival marked with a ceremony, held last week in the presence of the Commander of the Royal Air Force of Oman - Air Vice-Marshal

Why the SANG will soon be on song

Building a 156-strong rotary-wing fleet is a part of the Saudi Arabian National Guard's modernisation effort, which fits into the country's 2030 modernisation plan. David Oliver reports.

TAA SK 12MTHS16
See us at
Global Aerospace BT28218Aviation Africa BT18418RMIT BT1631817AIME BT1204240118DAS BT1105161117DIAC BT1105121117