DAE completes US$9bn Macquarie AirFinance takeover

Dubai Aerospace Enterprise (DAE) finalized its acquisition of Macquarie AirFinance (MAF) for an enterprise value of approximately US$9 billion, as previously announced. This transaction significantly broadens DAE’s aircraft portfolio to encompass roughly 1,000 owned, managed, and committed aircraft. Consequently, DAE has solidified its standing within the global aviation industry, now holding the title of the world's third-largest aircraft lessor based on fleet value. The deal underscores continued growth and strategic expansion initiatives by DAE in the aerospace sector. Moving forward, this acquisition will bolster DAE’s operational capabilities and market presence.