Dubai's DAE becomes world’s third-largest aircraft lessor after $9 billion deal

DAE completes Macquarie deal, taking its fleet to about 1,000 aircraft

Last updated:
Nivetha Dayanand, Assistant Business Editor
DAE hopes to use the loan to support the future financing needs of the business.
DAE hopes to use the loan to support the future financing needs of the business.
WAM

Dubai: Dubai Aerospace Enterprise has completed its $9 billion acquisition of Macquarie AirFinance, lifting its fleet to about 1,000 aircraft and making the Dubai company the world’s third-largest aircraft lessor.

The enlarged owned, managed and committed fleet serves more than 175 airlines across over 75 countries, expanding DAE’s role in supplying aircraft to carriers worldwide.

Get updated faster and for FREE: Download the Gulf News app now - simply click here.

The enterprise value of the transaction is approximately $9 billion, including changes to Macquarie AirFinance’s fleet between the announcement of the deal and its completion.

Aircraft orders extend into the 2030s

DAE also has commitments to acquire about 150 aircraft from Boeing, Airbus, ATR and aircraft trading counterparties.

The company said delivery positions in its orderbook now extend into the 2030s, giving it greater capacity to meet the future fleet requirements of airline customers.

With a track record of successful transformational acquisitions, the closing of MAF marks another milestone on our journey. Our current fleet size makes us the third largest lessor globally, both by fleet value and number of owned and managed aircraft
Firoz Tarapore, CEO of DAE

DAE leases aircraft to airlines through its aviation finance business, allowing carriers to expand or renew their fleets without purchasing every aircraft directly.

DAE expands its airline customer base

The acquisition will add new airline customers to DAE Capital while expanding existing relationships with carriers already served by the company.

“This transaction also allows us to deepen our long-standing relationships with Boeing and Airbus. Delivery slots on our orderbook now extend into the 2030s, giving us the flexibility to better support our airline customers’ fleet requirements,” Tarapore said.

DAE said its fleet services are also supported by recently announced initiatives with Blackstone and Neuberger, which cover different stages of an aircraft’s operating lifecycle.

The transaction was first announced in February 2026.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.
Related Topics:

Get Updates on Topics You Choose

By signing up, you agree to our Privacy Policy and Terms of Use.
Up Next