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.”
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
