DAE Capital makes major impact at Farnborough Airshow

During the week-long event, the largest single gathering of the world's aviation business leaders, DAE Capital took centre stage by concluding two major new aircraft acquisitions.

First it confirmed a $12.6bn order at list price for 100 new Airbus aircraft - 70 aircraft from A320 family and 30 A350 XWBs with deliveries to start in 2013 and conclude in 2022.

The deal incorporates an associated contract with Rolls-Royce for its Trent XWB engines to power the A350 XWBs, worth some $1.2bn at list prices.

DAE Capital then added further to its burgeoning new aircraft pipeline with a sales and leaseback deal for 18 Boeing freighters from Emirates Airline.

The aircraft comprise 10 Boeing 747-8Fs and eight GE90-115B powered Boeing 777 freighter aircraft.

Although a new entry in the leasing business, established barely 12 months ago, DAE Capital has quickly become a significant competitor on the world aircraft leasing stage.

An experienced team and strong shareholding has allowed DAE Capital to position itself as a major purchaser of new and current aircraft, rapidly developing a fleet portfolio that is already valued at $1.6bn.

The leasing business has also garnered praise for its strong capital base and core leasing proposition, which together can help airlines weather the economic pressure currently gripping the industry.

DAE Capital, CEO, Bob Genise, explained: "Our presence at Farnborough marks another key milestone in our transition from a new company into a major competitor in the aircraft leasing business. DAE Capital has progressively built a business from the ground-up and I'm indebted to our staff, partners and many supporters who have helped make this possible."

He continues: "As we go through the current economic market cycle, the resilience of our leasing industry means we can help those airlines seeking opportunities to raise capital where balance sheets are under pressure. With our strong capital base and strong shareholders, we can go out to market with the necessary funding to provide relief to the airline industry until the market turns around."

DAE Capital also used the airshow to take the wraps off its bold new look and website, which it launched to partners and suppliers.

Michael Barry, DAE Capital Chief Marketing Officer stated that, "Our bold new identity reflects the growing maturity of our business and is further evidence of our overall vision and strategy to make DAE one of the world's top leasing companies. Together with our coordinated advertising and marketing campaigns, the new look will help drive awareness and recall at a time when the industry has begun to recognise our credentials for offering modern aircraft, tailored leasing solutions and expert financial consulting services."

The latest agreement will increase DAE Capital's leasing portfolio to 49 aircraft and with a further 200 Boeing and Airbus aircraft on order, due for delivery between 2010 and 2013, the Dubai-headquartered company is rapidly establishing itself as a world-class aircraft leasing business.