DAE and Azul announce completion of sale leaseback transactions

Dubai Aerospace Enterprise (DAE) Ltd. and Azul Brazilian Airlines announced today that they had recently completed the delivery of 5 ATR 72-600s to the airline. DAE Managing Director Khalifa H. AlDaboos said: “We are delighted to include AZUL as one of DAE’s new clients in Latin America. We look forward to a mutually rewarding long-term relationship with Azul in this rapidly expanding market. We intend to continue to develop our business and increase our fleet through sale and lease-backs of targeted aircraft, such as the ATR 72-600 aircraft.” In 2014, DAE placed a direct order with the manufacturer for up to 40 ATR 72-600s. The total portfolio at year-end 2014 is approximately US$3.6bn.