Dubai Aerospace to acquire AWAS Aviation Capital

Posted on 26 Apr 2017 by Michael Cruickshank

Dubai Aerospace Enterprise has this week announced its intention to acquire Irish aircraft leasing company Awas Aviation Capital.

The UAE government-owned Dubai Aerospace Enterprise (DAE) will buy 100% of AWAS Aviation Capital, and in doing so create a company worth in excess of $14bn. In the past it had been reported that AWAS was being offered for sale for a price of $7bn, however, the exact price which DAE will pay has yet…

This content is for subscribers only. Subscribe now for free to read the full article.