BRIEF-DAE And BXCI Announce Multi-Billion Dollar Global Aviation Leasing Investment Program

- 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