2007-11-18 - DAE leasing startDAE Capital enters leasing market with huge order
Flugzeugleasingfirma auf Einkaufstour<br /> DAE Capital, the aircraft leasing and financing division of Dubai Aerospace Enterprise (DAE), has signed a Memorandum of Understanding (MoU) to buy 100 aircraft from Airbus.
The order is for 70 A320 Family and 30 A350 XWB Family aircraft. DAE Capital aims to become a leading lessor based in the Middle East. DAE Capital's parent company DAE is a world class aerospace company headquartered in Dubai. It manages a number of activities including airport development and operations, engineering, manufacturing and services. HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman, DAE stated that "We are confident that DAE Capital will quickly become a leader in the aircraft leasing business, globally. In chosing a portfolio of A320s and A350 XWBs, we are investing in the most modern fleet available and one that'll offer our customers unmatched competitivity to help meet their own business demands".