Dubai Aerospace Enterprise (DAE) has reached an agreement with Royal Air Maroc for the lease of 13 new Boeing 737-8 aircraft, scheduled for delivery in 2027. This follows an earlier agreement for two Boeing 737-8 aircraft, which were delivered in 2025. Firoz Tarapore, Chief Executive Officer of DAE, said the company was pleased to partner […]
DAE agrees 13-aircraft Boeing 737-8 lease with Royal Air Maroc Read More »
Dubai Aerospace Enterprise (DAE) has entered into an agreement with Somon Air for the lease of two new Boeing 737-8 aircraft, scheduled for delivery in 2026. Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said: “We are delighted to announce the signing of the aircraft lease agreements with Somon Air, a new
DAE agrees Boeing 737-8 lease with Somon Air Read More »
Dubai Aerospace Enterprise (DAE), the global aviation services company, has reported its business transactions update for the full year 2025. During the year, DAE Capital signed and closed the US$2.0 billion acquisition of Nordic Aviation Capital, significantly expanding its platform. The company acquired a total of 280 aircraft, comprising 261 owned and 19 managed assets,
DAE completes landmark transactions in 2025 Read More »
Dubai Aerospace Enterprise (DAE) has finalised long-term lease agreements with AJet and Turkish Airlines for ten new Boeing 737-8 aircraft, with deliveries set for 2026 and 2027. The deal reinforces DAE’s longstanding relationship with Turkish Airlines while directly supporting the rapid growth of AJet, Türkiye’s newly rebranded low-cost carrier. Firoz Tarapore, Chief Executive Officer of
DAE secures major B737-8 deal to support AJet’s rapid expansion Read More »
Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months (Q3) ending September 30, 2025. Financial Results: Total revenue rose to US$ 1,277.7 million, up 25.6% from US$ 1,017.1 million in the same period last year, driven by incremental lease revenue from newly acquired aircraft and higher maintenance income. Profit for the
Dubai Aerospace Enterprise releases Q3 2025 results Read More »
Joramco, the Amman-based MRO facility and division of Dubai Aerospace Enterprise (DAE), has appointed Adam Voss as its new CEO, effective September 14 2025. Voss previously served as Chief Operating Officer at Joramco and, until recently, was Chief Executive Officer of Dubai-based TIM Aerospace. “I am honoured to be taking on this new role at
Adam Voss named CEO, Joramco, Fraser Currie joins DAE Read More »
Dubai Aerospace Enterprise (DAE), a global aviation services provider, has signed a significant purchase agreement with United Airlines (United) for ten new Boeing 737-9 aircraft. Under the terms of the agreement, DAE will acquire the aircraft and lease them back to United on long-term contracts, with deliveries scheduled between August 2025 and February 2026. Firoz
DAE, United sign ten-aircraft purchase-and-leaseback deal Read More »
Joramco, the Amman-based MRO specialist and engineering division of Dubai Aerospace Enterprise (DAE), has received official approval from Jordan’s Civil Aviation Regulatory Commission (CARC) to carry out both line and base maintenance on the Embraer ERJ-190 series powered by PW1900G engines. To secure this capability, Joramco undertook a comprehensive training initiative. The theoretical component was
Joramco approved to service next-generation Embraer E2 jets Read More »
Dubai Aerospace Enterprise (DAE) has signed agreements with two counterparties for the sale of approximately 75 aircraft in a move aimed at optimising its fleet composition and performance. While the financial terms of the transactions remain undisclosed, the strategic divestitures are part of the company’s ongoing efforts to streamline operations and align with targeted aircraft
DAE to sell 75 aircraft in strategic portfolio realignment Read More »
Dubai Aerospace Enterprise (DAE) has officially completed its acquisition of Nordic Aviation Capital (NAC), including all its consolidated subsidiaries, from NAC Holdings Limited. The deal, which was first announced in January 2025, has an enterprise value of approximately US$2 billion and significantly expands DAE’s global footprint in the aircraft leasing industry. Following the acquisition, DAE’s
DAE completes US$2 billion acquisition of Nordic Aviation Capital Read More »
