Dubai: DAE Capital, the leasing division of Dubai Aerospace Enterprise, announced the creation of a new unit to service debt and equity investors in aviation assets.
In a statement on Tuesday, the company said DAE Aircraft Investor Services will leverage DAE’s platform to provide asset management solutions to investors in aviation assets.
The unit will also provide investors with a single point of contact dedicated to supporting their interests within the wider DAE platform.
“DAE-AIS will provide a unique offering blending our full platform capabilities with a dedicated service unit led by industry veteran Dan Stone. Dan will be responsible for growing the assets under management of approximately $850 million [Dh3.12 billion] to $5 billion to address the growing needs of investors in this sector,” said Firoz Tarapore, chief executive officer of DAE.
Dubai Aerospace Enterprise is an aircraft leasing companies, serving over 125 airlines customers around the world. Its leasing division, DAE Capital, owns and manages a fleet of nearly 400 aircraft with a value of $14 billion.