The acquisition of AWAS
propels DAE into the top tier of global aircraft lessors.
Firoz Tarapore, chief executive officer of DAE, said this acquisition of the best-in-class AWAS
platform provides DAE with an enhanced market position.
This acquisition of AWAS
is strategically compelling and propels DAE into a top 10 aircraft leasing platform.
Mean distance to be traveled to reach the site of job from current AWAS
was two times more than the previous stay at slums, but the expense to reach the site of job has increased more than thrice.
John Leahy, Airbus Chief operating officer, Customers, said: "We are pleased to see leading lessor AWAS
come back for more of our bestselling A320 Family aircraft.
on a senior unsecured basis and, in addition, the Loan is guaranteed
The avionics suite for AWAS
also includes Enhanced Ground Proximity Warning System (EGPWS), Airborne Collision Avoidance System (ACAS II) with ADS-B and Mode S, Quantum Line of Communication and Navigation equipment (CNS), Air Traffic Services Unit (ATSU), Air Data Inertial Reference System (ADIRS), Aircraft Communications Addressing and Reporting System (ACARS), Emergency Locator Transmitters (ELTs), Satellite Communications (SATCOM), Flight Data Acquisition and Management System (FDAMS), Solid State Flight Data Recorder (SSFDR) and Solid State Cockpit Voice Recorder (SSCVR) and the Flight Management System (FMS).
chief executive Franklin Pray said: "Consistent with our longtermstrategy, this deal further diversifies our fleet and allows AWAS
to meet current and future demand from our customers for highly fuel efficient and environmentally friendly aircraft.
is a strong business with superb management, but it does not fit our strategy.
Reuters had reported in December citing sources that AWAS
had been put up for sale in an auction that could value the lessor at $7 billion, including debt.
Leasing company AWAS
is the customer that cancelled six Boeing 787s, Flightglobal's Commercial Aviation Online has learned.
Prior to joining AWAS
, Jackson was employed by Bombardier unit Skytech, where he was responsible for the export sales of the Tucano Basic Trainer worldwide.