DAE has signed long-term lease agreements with Turkish Airlines for 10 new Boeing 737-8s, which are to be placed with AJet, the airline’s LCC subsidiary.
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.
Lessor Dubai Aerospace Enterprise has signed two agreements to sell approximately 75 aircraft from its portfolio, with 49 Embraer E-Jets going to lessor Azorra.
Aircraft lessors have benefited from rising lease rates, but slow aircraft production expansion and shifting U.S. economic policy are making growth harder.
K2 Aviation, formerly branded as Kahala Aviation, is relaunching with a portfolio of seven aircraft it has acquired from Dubai Aerospace Enterprise (DAE).
The steady consolidation of the aircraft leasing market continued as Dubai Aerospace Enterprise announced that it will acquire Nordic Aviation Capital (NAC).
Lessor Dubai Aerospace Enterprise has received a further tranche of funds relating to aircraft over which it lost control following Russia's invasion of Ukraine
Two major lessors posted strong profits on the back of strong demand for aircraft in recent months driven, at least in part, by production and delivery delays.
While lessors have done well with lease rates surging, disrupted supply chains and other issues make normal business, let alone growth, complicated to manage.
