Asset Management
Aerospace Firm Forms Asset Management Group

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.