DAE bags ‘deal of the year’ award in Dublin

Dubai / Emirates Business

Dubai Aerospace Enterprise (DAE) Ltd. announces that it has received the M&A Deal of the Year award from Airline Economics during its Aviation 100 Global Leader Awards ceremony in Dublin, Ireland. This award is recognition of DAE’s high-profile acquisition of the leading aircraft lessor AWAS in 2017, which propelled DAE into the top tier of global aircraft lessors. DAE Capital now features an owned, managed and committed fleet of nearly 400 aircraft with a value of over $14 billion.
The Aviation 100, an annual
publication by Airline Economics,
recognizes the year’s most outstanding performers in the aerospace industry.

DAE launch customer for Rolls-Royce’s LessorCare
DAE will be a launch customer for Rolls-Royce LessorCare, an integrated service offering for aircraft lessors.
Firoz Tarapore, Chief Executive Officer of DAE said: “LessorCare will provide comprehensive support across all Trent engine types under one comprehensive framework allowing DAE to reduce delays in accessing services and thereby increasing the earnings capacity of our engine assets. DAE will adopt LessorCare across its existing and future fleets of Trent-powered aircraft. We welcome the opportunity to work with Rolls-Royce to further enhance the product which in turn will allow us to make a bigger commitment to Trent engines on our fleet.”
LessorCare services will include customer support, transition and asset management services.