Aircraft Investor Services reaches milestone

DUBAI: Dubai Aerospace Enterprise (DAE) Ltd announced that it has reached a significant milestone in the growth of its managed aircraft portfolio with current aircraft under management plus mandates to source and manage portfolios for third party investor customers reaching $3.5 billion.

Since announcing the DAE Aircraft Investor Services (AIS) product in January 2018, DAE has grown its managed fleet to over $2.5 billion today, managing four aircraft ABS securitizations as well as aircraft for several investor partners. Following the latest portfolio sale agreement announced in October, DAE’S managed fleet has grown to 75 aircraft. DAE will continue to build its managed fleet as it fulfils existing mandates from investor customers, growing the managed fleet to $3.5 billion and well over 125 aircraft in the coming months.

DAE manages its aircraft for third parties using the full capability of its global and active platform but also offers investors an investor-focused service product in the form of its AIS team which provides investors with a single point of contact dedicated to championing their interests within the wider DAE platform.

Commenting on the milestone, Firoz Tarapore, Chief Executive Officer of DAE noted: “DAE’S Aircraft Investor Services (AIS) product is gaining significant traction in the investor community as the only true aircraft investor service product offered by a large leasing company. Investors appreciate the ability to access DAE’S substantial and capable platform while having a team dedicated to serving their needs as customers. DAE intends to remain at the forefront of responding to changing investor needs, with a clear line of sight to a substantially larger managed fleet alongside our growing owned fleet. DAE expects to ultimately manage over US$5 billion worth of aircraft assets for third parties.”

On the other hand, Dubai Airports this weekend announced a ground breaking new partnership with Anghami, the first and biggest music streaming platform in the Arab world, that will allow access to free music streaming the near 89 million customers per year that travel through world’s busiest international airport, Dubai International, DXB. The announcement was made at ON.DXB, the regions newest festival of creativity.