Dubai's DAE to sell 7 Airbus, Boeing aircraft

Dubai: the Dubai aviation company DAE is selling seven of its Airbus and Boeing aircraft on lease to six airlines. This follows an agreement Dubai Aerospace Enterprise entered into with K2 Aviation, which is a specislied mid-to-end of life aviation sector investor.

DAE also signed an agreement with K2 to be a servicer of the seven aircraft. Under this agreement, DAE will provide lease and credit management, aircraft remarketing, aircraft disposition, and aircraft asset management services to K2 Aviation.

DAE expects all aircraft to close in the first-half of 2025.

“This acquisition launches K2 Aviation and is a great mix of mid-life assets on lease to reputable global airlines,” added Charles Graham, K2 Aviation Chairman. “It also expands our existing, valued relationship with DAE, with whom the K2 Aviation team has worked for many years.”

K2 Aviation expects to continue building its portfolio of mid-life assets throughout 2025.

DAE’s Aircraft Investor Services (AIS) group had over 100 aircraft valued at $4 billion under management at the end of 2024. AIS acts as Servicer on 14 servicing and management agreements for institutional and financial investors, including seven structured aircraft portfolio transactions.