Dubai Aerospace Enterprise (DAE) recently announced that it had signed a definitive agreement to acquire 100% of Macquarie AirFinance for an approximate enterprise value of US$ 7bn.
The combined company will have a pro forma fleet of 1,029 owned, managed and committed aircraft and will serve 191 airline customers in 79 countries. Narrowbody aircraft will represent approximately 70% of the combined fleet. DAE is expected to welcome 37 new airline customers to its portfolio on completion, including airline customers in 7 new country exposures.
“This transaction continues DAE’s tradition of acquiring established platforms and fleets that are franchise enhancing in nature and represent exceptional shareholder value,” stated Khalifa AlDaboos, Managing Director, DAE.
“Our industrial-strength platform will effortlessly handle the onboarding of this transaction which, when completed, will more than double DAE’s fleet size compared to year-end 2024,” commented Firoz Tarapore, Chief Executive Officer, DAE.
