DAE Delivers Three A320 Aircraft to New Customer VivaColombia

Lessor to Support Leading Colombian Low-cost Airline’s Fleet Strategy

Dubai, U.A.E., 3 September 2017 – Dubai Aerospace Enterprise (DAE) Ltd. announced its leasing division DAE Capital has completed the delivery of three Airbus A320-200 CFMI powered aircraft to new customer, VivaColombia. The three aircraft bearing serial numbers 3896, 3931 & 3949 were delivered in June and August respectively.

VivaColombia is Colombia’s first ultra-low cost carrier and operates both domestic and international routes. The deal is structured to give the airline the flexibility to also operate the aircraft in the fleet of the recently launched sister company Viva Air Peru.

Firoz Tarapore, CEO of DAE said, “We are delighted to have been selected by VivaColombia to be part of their growth plans and look forward to further supporting their fleet financing requirements.  Our team worked very closely with the VivaColombia team over a number of months to develop a deal that met the specific needs of a modern low-cost operator. These transactions demonstrate the capacity of the DAE platform to provide tailored solutions for our customers, whether they are starts-ups, regional airlines or legacy carriers.”

William Shaw, VivaColombia CEO, said, “We are pleased with the flexibility of the fleet solution provided by DAE Capital which has enabled us to bridge our fleet requirement ahead of receiving our new aircraft order from Airbus. We look forward to further developing our business relationship.”

*ENDS*

About DAE

Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized and award-winning aerospace company headquartered in Dubai. More information can be found on the company’s web site at www.dubaiaerospace.com.

DAE Capital, the aircraft leasing division of DAE, is a leading global aircraft leasing company with an owned, managed and committed aircraft portfolio of nearly 400 aircraft leased to airline clients in nearly 60 countries from six offices in Dubai, Dublin, Singapore and the US.

For further information, please contact:

Alec Elliott +353 87 187 9161

or

Arne Bevaart +971 4 428 9591 

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