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.
The newly acquired portfolio consists entirely of next-generation aircraft, reflecting DAE’s commitment to operating a modern and fuel-efficient fleet. Airbus manufactures 80 percent of the aircraft in this portfolio, while Boeing produces the remaining 20 percent.
Upon completion of the acquisition, DAE will significantly improve the age and lease term profile of its passenger fleet. The weighted average age of its passenger aircraft will decrease to 6.9 years, enhancing the overall efficiency and competitiveness of its operations.
At the same time, the weighted average remaining lease term will increase to 6.6 years, ensuring long-term revenue stability. Following this transaction, DAE’s fleet composition will include 46 percent Airbus aircraft, 49 percent Boeing aircraft, and 5 percent ATR 72-600, reinforcing its balanced portfolio of leading aircraft manufacturers.
Firoz Tarapore, Chief Executive Officer of DAE, emphasised the company’s proactive approach to fleet management, stating, “As the aviation industry continues to face ongoing orderbook delivery delays, we are taking decisive steps to secure high-quality assets in the secondary market. This acquisition supports our growth ambitions and ensures that we maintain a well-diversified and modern fleet that meets the evolving needs of our airline customers.”
