February 23, 2024


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Dubai Aerospace Enterprise has practically 500 plane in fleet price $17 billion

1 min read

DAE Capital acquired 20 plane and bought 30 final 12 months, with a closing fleet measurement of 493 plane. The fleet consists of Airbus, ATR, and Boeing plane with a worth of US$17 billion.

The agency additionally acquired the rights, pursuits, and obligations of a portfolio of 64 Boeing 737 MAX plane within the third quarter of 2023. The common age of DAE’s fleet, the corporate revealed, was 7.5 years.

DAE Capital served 123 clients throughout 62 international locations whereas DAE Engineering offered providers to greater than 50 clients in 25 international locations. DAE Engineering was additionally Appointed the Center East’s first Boeing 737-800BCF conversion line in partnership with Boeing.

The corporate introduced its largest financial institution financing in historical past, with US$1.6 billion (Dh5.87 billion) multi-tranche financial institution financing, consisting of each typical and Islamic tranches.

DAE moreover touted their regional and industry-level rankings – Morningstar Sustainalytics ESG Danger Score of 12.5 – making them top-rated in each sectors for the third 12 months operating. In 2023, DAE acquired the Lowest ESG Danger Score of any rated plane lessor.

Established in 2006, DAE serves over 170 airline clients in over 65 international locations from its seven workplace places in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.

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