Dubai Aerospace Enterprise (DAE), one of the few Gulf aircraft leasing firms, expects to add 30-35 planes to its current portfolio of 97 with significant demand seen coming from Iran, the company’s chief executive said on Sunday.
Iran, which has emerged from years of sanctions that prevented it from legitimately buying aircraft, agreed with European manufacturers last month to purchase up to 158 aircraft but these could take a few years to be delivered.
Iranian airlines will be looking to lease aircraft that are immediately available while they await the European deliveries, DAE chief executive Firoz Tarapore said in an interview with Reuters.
“We hope to book another 30-35 aircraft — the demand will be across the spectrum — narrow and wide bodies, and turboprop aircraft,” Tarapore said.
Shortly before delivery, airlines look for funding from banks or leasing firms to pay for their purchases. A popular structure is for airlines to sell and then lease back planes.
The acquisition marks an important step in SITA’s evolution from a provider of aviation connectivity solutions to a driver of smarter operational decision-making. By combining Flightscape’...
From the forests of Canada and the Pacific Northwest to the fire-prone landscapes of Florida, Daher Aircraft’s Kodiak and TBM platforms are playing an increasingly critical role in wildfire resp...
Embraer has appointed FL Technics as an Embraer Authorized Service Center (EASC) for its commercial aircraft fleet in Lithuania. The designation covers the E170 and E190 aircraft, further strengt...
FL Technics Indonesia has successfully obtained EASA Part-145 certification for its Bali maintenance facility, authorising the company to perform maintenance on aircraft registered within the European...
