AIRSHOW-UPDATE 2-Aircraft leasor DAE keeps head low in 2010

* Deal worth $340 mln to buy engines for 20 aircraft

* Dubai state-owned leasing firm selects v2500 engines

* Delivery of the engines to start in 2011

(Recasts, adds details, CEO comments)

By John Irish

DUBAI, Nov 15 (Reuters) - Dubai aviation leasing firm DAE Capital, which has about $27 billion worth of aircraft orders from Airbus (EAD.PA) and Boeing (BA.N), said it will wait until mid-2010 for rates to recover before marketing its aircraft.

DAE chief executive Robert Genise said leasing rates dropped as much as 25 percent in the wake of last year's financial crisis before bottoming in March and April.

The market was now witnessing a bounce back of about 10 percent but obtaining financing is still a challenge, he said on Sunday.

"Given what is happening in the market place... raising financing is difficult," he told reporters at the Dubai Airshow.