Dubai Aerospace Enterprise (DAE) has reported a 43% decline in profit for the first nine months of 2026, despite a 13.2% increase in revenue, as higher insurance recoveries boosted the previous year’s comparative results. Profit for the nine months ended September 30 fell to US$323.2 million from US$566.7 million a year earlier. The decline was […]
DAE nine-month profit falls 43% Read More »
Joramco, the Amman-based aircraft MRO provider owned by Dubai Aerospace Enterprise (DAE), will receive the first Condor aircraft next week for winter maintenance under a five-year agreement with the German airline. The first Airbus A330neo will arrive at Joramco’s facility, marking the start of maintenance operations for the carrier at the site. Signed earlier this
Joramco to begin Condor fleet maintenance Read More »
Joramco, the Amman-based aircraft MRO facility and engineering arm of Dubai Aerospace Enterprise (DAE), has opened a new Customer Center aimed at strengthening collaboration with airline customers and improving support. The 1,850 m² facility spans two floors and brings customer-facing teams and engagement areas together in one location, allowing closer communication and faster coordination between
Joramco opens new customer centre to deepen airline ties Read More »
Dubai Aerospace Enterprise (DAE) has signed a purchase-and-leaseback agreement with Saudia covering four new Boeing 777F aircraft. The aircraft are scheduled for delivery between October 2026 and May 2027 and will be leased to the Saudi Arabian flag carrier under long-term agreements. DAE said the additional 777Fs would support Saudia’s expanding cargo operations and increase
DAE agrees four-aircraft 777F deal with Saudia Read More »
Dubai Aerospace Enterprise (DAE) has completed its previously announced acquisition of Macquarie AirFinance (MAF) in a transaction with an enterprise value of about US$9 billion. The deal expands DAE’s portfolio to around 1,000 owned, managed and committed aircraft, cementing its position as the world’s third-largest aircraft lessor by fleet value and number of owned and
DAE completes US$9bn Macquarie AirFinance takeover Read More »
Dubai Aerospace Enterprise (DAE) and Neuberger Specialty Finance have agreed to establish Mustang Aerospace, a new aircraft leasing co-investment platform targeting around US$6 billion in aircraft investments over the medium term. The venture will enable DAE and funds managed by Neuberger Specialty Finance to acquire a diversified portfolio of aircraft to meet growing demand from
DAE, Neuberger launch leasing venture Mustang Aerospace Read More »
Azorra has completed the acquisition of 49 Embraer E-Jet aircraft and two General Electric CF34 engines from Dubai Aerospace Enterprise (DAE). Since the original purchase agreement was signed in May 2025, the assets have been placed with 12 airline customers worldwide, reflecting strong demand for Embraer’s E-Jet family. Chief Executive Officer John Evans said the
Azorra completes acquisition of E-Jet portfolio from DAE Read More »
Azorra has announced the acquisition of an Airbus A220-300 order portfolio from Dubai Aerospace Enterprise (DAE). The deal includes eight A220-300 aircraft, two of which are currently leased to TAAG Angola Airlines, representing Azorra’s first leasing relationship with the carrier. The remaining six aircraft are due for delivery in 2027 and 2028, increasing Azorra’s total
Azorra to acquire DAE’s Airbus A220 order book Read More »
Dubai Aerospace Enterprise (DAE) and Blackstone Credit & Insurance (BXCI) have signed an agreement to partner on the launch of a new long-term global investment programme, branded ‘Equator’, which will invest in aircraft leased to commercial airlines, with a target annual deployment of approximately US$1.6 billion. Equator will build a diversified portfolio of commercial aircraft
DAE and BXCI launch aircraft investment platform ‘Equator’ Read More »
Azorra has announced the successful acquisition of nine General Electric CF34-10E engines from Dubai Aerospace Enterprise (DAE). The CF34-10E engines, which power Embraer E190 and E195 aircraft, will be incorporated into Azorra’s existing engine portfolio and leased to airline customers worldwide. Shahin Mehrabanzad, Vice President – Engine Programmes and Support Solutions, said: “Our latest engine
Azorra expands engine portfolio with DAE deal Read More »
