The unit concentrates on servicing the needs of debt and equity investors in aviation assets.

DAE Capital, the leasing arm of Dubai Aerospace Enterprise, has formed an asset management unit that aims to build AuM from about $850 million to $5 billion.
The new unit will be led by Dan Stone, an industry veteran, DAE said in a statement. 

The unit is "dedicated to servicing the needs of debt and equity investors in aviation assets", DAE said.

The business will make use of DAE’s global platform to provide bespoke asset management solutions to investors in aviation assets and give investors a single point of contact.

DAE’s platform has a team of 140 individuals experienced in investing in and managing aircraft assets. The team deals with a range of aircraft from turboprops to wide-body aircraft across the entire age spectrum from new aircraft deliveries to end of life solutions.  

A media report said DAE-AIS will include in its remit the two aircraft portfolios that DAE already manages – Falcon Aerospace and Diamond Head, the latter of which was acquired as part of DAE’s acquisition of Dublin-based lessor Awas last August.

As reported elsewhere on this news service, Citi Private Bank has issued a report on the issues that family offices must confront in running and buying private jets.