Company now has a fleet of approximately 1,000 owned, managed and committed aircraft
Dubai Aerospace Enterprise (DAE) has announced that it had completed the previously announced acquisition of 100% of the outstanding share capital of Macquarie AirFinance Limited and its consolidated subsidiaries.
The enterprise value is approximately US$ 9.0bn, including the impact of changes to MAF’s fleet between announcing the transaction and closing.
DAE now has a fleet of approximately 1,000 owned, managed and committed aircraft. The owned and managed fleet is on lease to over 175 airlines in over 75 countries. In addition, DAE has commitments to acquire roughly 150 aircraft from Boeing, Airbus, ATR, and trading counterparties. According to a press statement.
“We have positioned ourselves as a global leader in fleet solutions for our airline customers, delivering high quality, competitive solutions, which are further supported by our recently announced initiatives with both Blackstone and Neuberger, allowing us to provide a compelling offering across fleet lifecycles,’’ remarked Firoz Tarapore, Chief Executive Officer, DAE.
