Arab News, Wednesday, Apr 14, 2021 | Ramadan 2, 1442
Dubai Aerospace signs 48 lease deals amid aviation slowdown
Emirates:
The aircraft leasing division of Dubai Aerospace (DAE) has signed 48 lease deals
during the first three months of the year, amid a global slowdown in the
aviation sector.
The company, owned by Dubai’s sovereign wealth fund, has also acquired 13 more
aircraft in the same period, it said in a statement.
The new figures bring DAE’s total owned and managed fleet to 425, up from 374 in
December 2020.
The global aircraft leasing industry has been rocked by the global pandemic as
airlines worldwide have been forced to ground fleets and delay new leases and
purchases until the sector recovers.