BRIEF-DAE And BXCI Announce Multi-Billion Dollar Global Aviation Leasing Investment Program
April 9 (Reuters) - DUBAI AEROSPACE ENTERPRISE:
DAE AND BLACKSTONE CREDIT & INSURANCE ANNOUNCE MULTI-BILLION DOLLAR GLOBAL AVIATION LEASING INVESTMENT PROGRAM
NEW LONG-TERM GLOBAL INVESTMENT PROGRAM THAT WILL BE BRANDED “EQUATOR” AND WILL INVEST IN AIRCRAFT ON LEASE TO COMMERCIAL AIRLINES
TARGET DEPLOYMENT OF APPROXIMATELY US$1.6 BILLION ANNUALLY
EQUATOR WILL BUILD A DIVERSIFIED PORTFOLIO OF COMMERCIAL AIRCRAFT ON LEASE TO LEADING AIRLINES AROUND WORLD
WILL SOURCE ASSETS FROM THIRD PARTIES AND DAE’S AIRCRAFT INVESTOR SERVICES (“AIS”) GROUP WILL MANAGE ASSETS OWNED BY EQUATOR
BXCI EXPECTS TO PROVIDE A FULL SPECTRUM OF CAPITAL TO SUPPORT THE PROGRAM
BXCI INVESTOR GROUP WILL INCLUDE CAPITAL FROM FUNDS MANAGED BY ITE MANAGEMENT, L.P., A STRATEGIC PARTNER OF BXCI
