Two companies, "Dubai Aerospace Limited" and "Blackstone Credit and Insurance", today announced a partnership to launch a new long-term global investment program called "Equator" for investing in aircraft leased to commercial airlines. Target investments are approximately $1.6 billion per year (around 5.87 billion dirhams). According to a press release from "Dubai Aerospace", "Equator" will build a diversified portfolio of commercial aircraft leased to leading airlines worldwide. "Dubai Aerospace" will provide assets from third parties, while its aircraft investor services platform will manage assets owned by "Equator".
Dubai Aerospace and Blackstone Launch $1.6B Investment Program
Dubai Aerospace Limited and Blackstone Credit and Insurance have announced a partnership to create the long-term investment program Equator, which will invest in commercial aircraft. The program targets annual investments of $1.6 billion.