DAE Managing Director Khalifa H. Al-Daboos said: “We are delighted to include AZUL as one of DAE’s new clients in Latin America. We look forward to a mutually rewarding long-term relationship with Azul in this rapidly expanding market. We intend to continue to develop our business and increase our fleet through sale and lease-backs of targeted aircraft, such as the ATR 72-600 aircraft.”
David Neeleman, Chief Executive Officer and Founder of Azul said: “We are pleased to add DAE to our list of finance partners and look forward to a long-term relationship with DAE particularly as we increase the number of aircraft in our fleet. With the ATR72-600’s covering our 100 domestic destinations we believe AZUL does and shall continue to truly serve all of Brazil.”
In 2014, DAE placed a direct order with the manufacturer for up to 40 ATR 72-600s. The total portfolio at year-end 2014 is approximately $3.6 billion.
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs approximately 4,000 people.
Azul, the largest airline in Brazil by number of cities served, offers more than 900 daily flights to 105 destinations. With a fleet of 153 aircraft and more than 10,000 crewmembers, the company currently has a 32% share of departures of the Brazilian aviation market.