DAE to sell aircraft worth $500m
DUBAI: Dubai aerospace ent er prise(dae) will sell nine narrow and wide body aircrat with a total market value of approximately $500 million.
The agreements to sell aircrat were signed recently by its leasing division DAE Capital, and sales are all expected to close in 2021, the company said on Tuesday.
Firoz Tarapore, Chief Executive Officer of DAE, commented, “The post-pandemic market for trading aircrat assets is robust. These transactions demonstrate DAE’S ability to originate and trade aircrat assets with a lease atached from high quality airline credits.”
WOMEN IN AVIATION: The fith edition of the Women in Aviation ( WIA) Middle East Chapter’s General Assembly, held as a co-located event of the 20th edition of the Airport Show at Dubai World Trade Centre (DWTC), has awarded scholarships worth over $50,000 and honoured women who are helping the aviation industry gain gender diversity.
For the first time, an exclusive awards programme had been conducted to honour the rising stars in aviation. The WIA General Assembly featured the first of its kind awards in the MENA region designed to recognise the achievements of organisations and individuals working in the aviation and aerospace domains in more than 19 countries. The recognition includes honouring key women who have been helping gender diversity in the aviation industry.
This year’s winner is Lilit Tshughuryan who established and runs Akademikka Training Institute in Dubai. The Knowledge and Human Development Authority (Khda)-approved institute offers professional development courses in aviation and other domains. The award in the Educational Institution category for atracting the maximum number of students went to Alpha Aviation Academy (AAA) which is managed by Air Arabia and has state-ofthe-art facilities for the pilots training. It is the Middle East’s leading pilot training provider and one of the largest providers of the Multi-crew Pilot License in the world. It has trained over 650 students with more than 400 graduates who went on to fly with MENA’S first LCC based out of Sharjah.