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DAE

Dubai Aerospace Enterprise signs $800m unsecured term financings

Global aviation services company Dubai Aerospace Enterprise (DAE) Ltd has signed a new senior unsecured term financings for a total of $800 million. The term financings have a weighted average maturity of 5.5 years in two transactions and were each underwritten by a “leading bank in the region”, according to a statement on Tuesday. Firoz […]

AerCap, the world's biggest aircraft lessor, has submitted a $3.5 billion insurance claim. Picture: Creative Commons

Billion dollar battle to begin for planes grounded in Russia

Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over 400 leased planes worth almost $10 billion since Western countries sanctioned Russia has led to […]