DAE completes acquisition of AWAS

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of the AWAS group of companies. The acquisition of AWAS propels DAE into the top tier of global aircraft lessors. DAE will now conduct its aircraft leasing business using the DAE Capital brand name. DAE Capital now features an owned, managed and committed fleet of approximately 400 aircraft with a value of over US$14 bn and full service capability to 117 airline customers in 57 countries from offices in Dubai, Dublin, Singapore, Miami, Bellevue and New York