DAE and Blackstone Launch 1.6 Billion Dollar Leasing Program
DAE and Blackstone launched a 1.6 billion dollar annual leasing venture today. The program targets global fleets as supply constraints push rates higher.
Dubai Aerospace Enterprise (DAE) and BLACKSTONE INC, through its Credit and Insurance division, have agreed to launch a joint aircraft leasing investment program targeting an annual deployment of approximately $1.6 billion. The program, branded as Equator, will build a portfolio of commercial aircraft to be leased to airlines globally.
DAE will source aircraft from third parties, while its Aircraft Investor Services unit will manage the assets. The deal marks the latest expansion of alternative asset managers into aviation finance, a sector that has attracted growing institutional interest as aircraft supply constraints push lease rates higher.
