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Dubai Aerospace Enterprise expects 2022 to be year of industrial revival
(MENAFN) CEO of Jet lessor Dubai Aerospace Enterprise (DAE) believes this year to witness “The Great Recovery,” led by restrained air travel demand and a robust freight market, with schemes to purchase around USD2 billion of airplanes.
The firm which is based in Dubai will put an additional USD1.5 billion to USD2 billion in technologically innovated and gas-generated aircraft via sale-and-lease back deals and channels of exchange, as the firm plans to continue its development in 2022, reported Firoz Tarapore to The National.
Mr Tarapore mentioned in a meeting at the firm’s HQs in Dubai, “There is massive pent-up travel demand and that demand is going to manifest itself in 2022 in a fairly noticeable way.” He further said, “The biggest dependent variable here is how quickly government policies will allow people to get on a plane without going through insane hoops or feeling like they would be impoverished if they have to quarantine in another country.”
The firm which is based in Dubai will put an additional USD1.5 billion to USD2 billion in technologically innovated and gas-generated aircraft via sale-and-lease back deals and channels of exchange, as the firm plans to continue its development in 2022, reported Firoz Tarapore to The National.
Mr Tarapore mentioned in a meeting at the firm’s HQs in Dubai, “There is massive pent-up travel demand and that demand is going to manifest itself in 2022 in a fairly noticeable way.” He further said, “The biggest dependent variable here is how quickly government policies will allow people to get on a plane without going through insane hoops or feeling like they would be impoverished if they have to quarantine in another country.”
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