Dubai Aerospace Enterprise, launched 20 years ago with diverse goals, now focuses on aircraft leasing and MRO, but it might revisit its wider original vision.
As it proceeds through its latest Chapter 11 restructuring, Spirit Airlines unveils new financing agreements and plans to reject over two dozen aircraft leases.
Steven Udvar-Házy, famous for creating aircraft leasing, has made important moves at the right time twice. In selling ALC, he may have the timing right again.
Spirit Airlines intends to double down on certain efforts as it reenters restructuring less than six months after emerging from its last reorganization.
Lessor Azorra’s focus on the small narrowbody jet sector has recently been boosted through buying a portfolio of 49 Embraer E-Jets from Dubai Aerospace Enterprise (DAE).
AerCap won its claim against its insurers for the loss of 116 aircraft and 23 engines leased to Russian airlines and not returned after the invasion of Ukraine.
EgyptAir has signed a deal with lessor AerCap to extend its Boeing 777-300ER leases and is refurbishing cabins on some of its Boeing 737-800s and Airbus A330-200s.
By Joe Anselmo, Michael Bruno, Matthew Fulco, Steve Trimble, Lindsay Bjerregaard, Lee Ann Shay, James Pozzi, Christine Boynton, Lori Ranson, Jens Flottau, Helen Massy-Beresford
The new Trump tariffs and trade wars could indelibly alter the global aerospace and defense industry.
Aircraft lessors have benefited from rising lease rates, but slow aircraft production expansion and shifting U.S. economic policy are making growth harder.
AerCap believes it is clear the industry continues to plan for a “lower for longer” supply environment reflected in increased lease rates and extensions.
