Dubai-based lessor Dubai Aerospace Enterprise (DAE) doesn’t feel the need to grow extra quick, now that the two biggest players AerCap and GECAS are about to merge. DAE wants to grow at its own pace and mostly by purchasing aircraft on the secondary market and not by direct orders, it said last week during its HY1-results presentation. Lessor DAE sees no need to grow extra.
AerCap and GECAS confirmed their merger plans last March in a process that could take until July 2022 to be completed. It took one hurdle when both parties received approval from the European Commission as there is sufficient competition out there, therefore making it “unlikely to give rise to serious competition concerns in the markets for aircraft and aircraft engine leasing.”
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