Browsing: aviation industry

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 Chambers Chairman Eng. Sultan bin Saeed Al Mansoori met with India’s Ambassador to the UAE, Sunjay Sudhir, to discuss enhancing trade and investment relations. The meeting, held at Dubai Chambers’ headquarters, was also attended by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers.

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.