DUBAI -- DAE Capital has launched DAE Aircraft Investor Services (DAE-AIS), a separate unit dedicated to servicing the needs of debt and equity investors in aviation assets.
According to DAE Capital, DAE-AIS will provide asset management solutions to investors, and provide them with a single point of contact within DAE.
Firoz Tarapore, Chief Executive Officer of DAE, said, "DAE-AIS will provide a unique offering blending our full platform capabilities with a dedicated service unit led by industry veteran Dan Stone. Dan will be responsible for growing the assets under management of approximately $850 million to $5.0 billion to address the growing needs of investors in this sector."
DAE Capital is the leasing division of Dubai Aerospace Enterprise Ltd. It has an owned, managed, and committed fleet of nearly 400 Airbus, ATR, and Boeing aircraft with an overall value of $14 billion.