Dubai Aerospace Entreprise (DAE) says discussions with OEMs will take longer than originally anticipated and that the operating lessor could grow via another platform with an orderbook.
Chief executive officer Firoz Tarapore says the rationale behind a potential order is that DAE is the only large type of lessors that does not have a “meaningful” orderbook.
As at 31 December 2017, the lessor had an orderbook for 23 aircraft from Airbus and ATR, of which 20 are due to deliver this year.
“Discussions are underway,” says Tarapore but he admits that the current market environment of challenging lease rates combined with escalation prices pose a significant challenge.
“Discussions will take longer than originally contemplated,” he adds.
One avenue to get access to an OEM orderbook could be the acquisition of another platform.
DAE acquired AWAS last August and the integration of the Irish platform was completed in February.
“We have to make sure that the two companies
Tarapore says should DAE start looking at another platform at the end of this year, it is likely to be a “2019 event”.