Aviation Dubai Aerospace buys 17 aircraft for $1bn By Pramod Kumar March 17, 2025, 10:13 AM DAE The 17 aircraft are expected to reduce DAE's weighted average passenger fleet age to 6.9 years Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has acquired 17 aircraft for $1 billion from multiple sellers, the company said in a statement. Eighty percent of the aircraft are manufactured by Airbus, while the remaining 20 percent are from Boeing. The aircraft have been leased to 11 airlines in 10 countries, the company said. DAE’s portfolio comprises 89 percent narrow-body aircraft, while the new aircraft are expected to reduce DAE’s weighted average passenger fleet age to just short of seven years, the company said. The company’s fleet comprises 46 percent Airbus, 49 percent Boeing, and 5 percent ATR 72-600 aircraft, the company said. DAE acquires Irish aircraft lessor Nordic Aviation Dubai aircraft lessor slams Boeing for delivery delays DAE gets $750m liquidity boost from Emirates NBD CEO Firoz Tarapore said that DAE is sourcing assets in the secondary market to meet growth and portfolio management targets despite ongoing order book delivery delays. In January the company, which is controlled by Investment Corporation of Dubai, the emirate’s main sovereign wealth fund, acquired Ireland-based aircraft leasing company Nordic Aviation Capital. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
