Dubai Aerospace Enterprise (DAE)


"Iranian officials declined to name the lessor involved, but industry sources said in September that Iran was in advanced talks with the United Arab Emirates' Dubai Aerospace about helping to finance the purchase. "We have a deal to finance the first 17 aircraft," a senior Iranian official told Reuters, without elaborating." (Reuters, "Iran's Airbus jet purchase gets boost from lease finance deal - sources," 11/7/2016).


Dubai Aerospace is listed as a confirmed participant at the Iran Aviation Finance Summit that took place from September 18-19, 2016 in Tehran, Iran. In addition, DAE Dubai Aerospace CEO Firoz Tarapore, at the CAPA Iran Aviation Finance Summit, stated (18-Sep-2016) the leasing company views Iran as a "very large market that has been shut out from products that they need". Working in Iran also involves "navigating through a set of issues that are not seen in other jurisdictions” and opening up the market is progressing and a "matter of time", the process "has been frustrating and slow". (CAPA Center for Aviation News, "DAE Dubai Aerospace sees Iran as 'very large market,'" 9/19/2016).