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Dubai: DAE raises funds to acquire aircraft leasing company AWAS

By  |  July 23, 2017

In anticipation of its upcoming acquisition of Dublin based AWAS, Dubai Aerospace Enterprise (DAE) has priced US$2.3 billion in bonds.

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    DAE, an aircraft leasing and maintenance company, announced plans to buy AWAS in April 2017 and on June 19 Reuters reported that the company had plans to raise up to US$2 billion to finance the transaction.

    The acquisition of AWAS will increase DAE’s fleet from 131 jets to 394 aircraft. The company will have over 110 customers throughout 55 nations.

    The deal is still subject to regulatory approval, but is expected to close later this year.

    Full Content: Reuters

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