Dubai Aerospace to triple size with AWAS acquisition
AFP
| 2017/04/24 | 188 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Dubai Aerospace Enterprise (DAE), the largest aircraft-leasing company in the Middle East, announced Monday plans to buy Dublin-based AWAS Aviation Capital, a move that will triple its size. The purchase is due to be completed in the third quarter of 2017 and expected to triple the value of DAE's owned and operated aircraft from $4.5 billion (4.1 billion euros) to $14 billion, a statement said."The acquisition of AWAS ... propels DAE into a top 10 aircraft leasing platform," said Khalifa Al-...(…)
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