DAE to sell seven aircraft to K2 Aviation

Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement with K2 Aviation, a specialist investor in mid- to end-of-life aircraft. The deal involves the sale of seven Airbus and Boeing aircraft currently leased to six airline customers.

As part of the agreement, DAE will also provide ongoing servicing for the assets sold. Through this partnership, DAE will deliver lease and credit management, aircraft remarketing, disposition and asset management services to K2 Aviation.

Firoz Tarapore, Chief Executive Officer of DAE, highlighted the significance of the collaboration, stating: