Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement with K2 Aviation, a specialist investor in mid- to end-of-life aircraft. The deal involves the sale of seven Airbus and Boeing aircraft currently leased to six airline customers.
As part of the agreement, DAE will also provide ongoing servicing for the assets sold. Through this partnership, DAE will deliver lease and credit management, aircraft remarketing, disposition and asset management services to K2 Aviation.
Firoz Tarapore, Chief Executive Officer of DAE, highlighted the significance of the collaboration, stating: “DAE has a strong, and longstanding relationship with the management team of K2 Aviation. DAE is excited to deepen our relationship through this transaction.”
K2 Aviation Chairman, Charles Graham commented: “This acquisition launches K2 Aviation and is a great mix of mid-life assets on lease to reputable global airlines. It also expands our existing, valued relationship with DAE, with whom the K2 Aviation team has worked for many years.” He added that K2 Aviation plans to continue growing its portfolio of mid-life assets throughout 2025.
DAE’s Aircraft Investor Services (AIS) group, an experienced aircraft asset manager, oversees more than 100 aircraft valued at US$4 billion. AIS manages servicing agreements for institutional and financial investors, including seven structured aircraft portfolio transactions.
The transfer of all aircraft is expected to be finalised in the first half of 2025, marking a significant step in strengthening the partnership between DAE and K2 Aviation.
