DAE Capital, the aircraft leasing and finance arm of DAE was formed in 2007. Its goal is to become the largest aircraft leasing company in the Middle East, serving an international market, inside the next decade.
DAE Capital’s fleet is currently comprised of a combination of 41 single aisle and wide-body aircraft and has contracted to purchase 100 new aircraft from each of Boeing and Airbus. The estimated market value of the purchase contracts, split by 70 single aisle and 30 wide-body aircraft from each manufacturer, is $27 billion. In addition to its new direct-buy aircraft orders, DAE has commitments to acquire an additional 20 new aircraft, 11 of which will be leased back to the original contracting party.
With continued airline expansion accelerating developments in the global aerospace industry and with its headquarters in Dubai, DAE Capital is perfectly situated to meet the global demand for new aircraft, particularly in the Middle East and Asia.
Driving DAE Capital’s underlying proposition to offer attractive leasing terms, regional experience, preferred access to local banks and a customized capital structure, is a highly experienced team led by Bob Genise, the founder of Boullioun Aviation Services, Inc.
Fast Facts
- Commenced operations in May 2007 and has a current aircraft portfolio worth US$2.3 billion.
- Is establishing a balanced portfolio of single aisle and wide-body aircraft.
- 41 aircraft currently owned.
- Has contracted for a further US$2.5 billion worth of aircraft on a purchase/leaseback basis and plans to have a fleet valued at more than US$5.5 billion by 2012.
- Market projection: 35% of its portfolio in Asia, 25% in the Middle East, 25% in Europe and the remainder in North America.
- Ability to provide capital to major airlines in the region and the world.
- Putting in place plans to adopt an asset securitization approach to provide investors from the region with access to quality aircraft investments.
- Able to provide advanced value-added service to airlines in conjunction with other DAE business units.
Vision
DAE Capital offers clients and investors a proposition few others can match. As one of three divisions under DAE, DAE Capital offers a synergized cluster of aerospace services, allowing customers to benefit from a world-class shared knowledge and service pool. Its unrivalled position allows it to provide advanced value-added services to airlines in conjunction with the other DAE segments such as engineering, maintenance, repair and overhaul.
DAE Capital seeks to become an integral part of the global aerospace industry and a leading player on the world stage in terms of aircraft leasing and finance.
