DAE Completes $9 Billion Acquisition of Macquarie AirFinance - Business Today Middle East
Dubai Aerospace Enterprise (DAE)has completed its previously announced acquisition of100% of the outstanding share capital of Macquarie AirFinance Limited (MAF)and its consolidated subsidiaries in a. . .
Dubai Aerospace Enterprise (DAE)has completed its previously announced acquisition of100% of the outstanding share capital of Macquarie AirFinance Limited (MAF)and its consolidated subsidiaries in a transaction with anenterprise value of approximately US$9 billion. The final transaction value reflects changes to MAF’s aircraft fleet between the announcement of the deal and its completion. Following the acquisition, DAE’s portfolio has expanded toapproximately 1,000 owned, managed and committed aircraft, strengthening its position as one of the world’s largest aircraft leasing companies. Its owned and managed fleet is now leased tomore than 175 airlines across over 75 countries. The company also has commitments to acquire approximately150 additional aircraftfromBoeing,Airbus,ATRand other trading counterparties, further supporting its long-term growth strategy. Firoz Tarapore, Chief Executive Officer of DAE, said the completion of the acquisition marks another major milestone in the company’s growth journey, building on its track record of successfully executing transformational acquisitions. He noted that DAE has now become thethird-largest aircraft lessor globally, measured by both fleet value and the number of owned and managed aircraft. Tarapore added that the acquisition strengthens DAE’s longstanding relationships withBoeingandAirbus, while extending the company’s aircraft delivery schedule into the2030s, providing greater flexibility to meet the evolving fleet requirements of airline customers worldwide. The acquisition was first announced inFebruary 2026. DAE was advised on the transaction byAllen Overy Shearman Sterling LLPandKPMG.