Browsing: Aviation

Dubai Aerospace Enterprise (DAE) Ltd has confirmed the completion of its previously announced acquisition of 100% of the issued share capital of Nordic Aviation Capital Designated Activity Company and its consolidated subsidiaries (“NAC” or “Nordic Aviation Capital”) from NAC Holdings Limited. The total enterprise value stands at approximately US$2 billion.

Dubai Aerospace Enterprise (DAE) Ltd has finalised agreements with multiple counterparties to acquire 17 aircraft for a total investment of approximately $1.0B. This strategic move aligns with the company’s ongoing efforts to expand its fleet and enhance its market position in the global aviation sector.

Wizz Air Abu Dhabi has reported record-breaking results for 2024, achieving more than 20% growth in seat capacity and passenger numbers year-on-year. The joint venture between ADQ and Wizz Air Holdings PLC operated over 19,000 flights with a 99.8% completion rate, offering more than 4.4M ultra-low-cost seats and carrying over 3.5M passengers. This contributed 25% to Zayed International Airport’s point-to-point traffic.