Dubai Aerospace Enterprise (DAE), a prominent global aviation services corporation, has signed agreements to acquire 17 aircraft for a total consideration of approximately US$1.0 billion.
The newly acquired portfolio consists entirely of next-generation aircraft, with 89% being narrow-body models. Airbus accounts for 80% of the fleet, while Boeing makes up the remaining 20%. These aircraft are currently leased to 11 airlines across ten countries.
Once the acquisitions are finalised, DAE’s weighted average passenger fleet age is expected to decrease to 6.9 years, while the average remaining lease term will extend to 6.6 years. The updated fleet composition will comprise 46% Airbus aircraft, 49% Boeing aircraft, and 5% ATR 72-600 turboprops.
Firoz Tarapore, Chief Executive Officer of DAE, commented: “Consistent with our commitment to improve the next-generation content of our fleet and reduce the fleet average age, we are delighted to add these modern, fuel-efficient, next-generation technology assets to our portfolio. This transaction also allows us to further deepen our relationship with our global base of airline customers, and we welcome three airline customers back to DAE.”
In response to ongoing orderbook delivery delays, DAE continues to strategically source high-quality assets from the secondary market to meet its growth objectives and optimise portfolio management.
