| DAE Capital | DAE Group
Dubai, U.A.E., 27 January 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), a leading global aviation services corporation, today announced that it has signed a definitive agreement with K2 Aviation, a mid- to end-of-life aviation investor, to sell 7 Airbus and Boeing aircraft on lease to 6 airline customers.
DAE also signed an agreement with K2 Aviation to become the servicer of the assets. Under this agreement, DAE will provide lease and credit management, aircraft remarketing, aircraft disposition, and aircraft asset management services to K2 Aviation.
Firoz Tarapore, Chief Executive Officer of DAE, commented, “DAE has a strong, and longstanding relationship with the management team of K2 Aviation. DAE is excited to deepen our relationship through this transaction.”
“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 is a seasoned aircraft asset manager with over 100 aircraft valued at US$4 billion under management at the end of 2024. AIS acts as Servicer on fourteen servicing and management agreements for institutional and financial investors, including seven structured aircraft portfolio transactions.
DAE expects all aircraft to close in the first half of 2025.
ENDS
About DAE
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.
DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR, and Boeing aircraft with a fleet value of US$18 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.
More information can be found on the company’s web site at www.dubaiaerospace.com.
About K2 Aviation
K2 Aviation, headquartered in Dublin, Ireland, has the full spectrum of in-house management and structuring capabilities to invest in and service portfolios across a variety of global jurisdictions. With a clear vision and an experienced leadership team, the company is well-equipped to navigate the complexities of the aviation industry and to achieve outstanding returns. K2 Aviation has the financial backing of the Franklin BSP Capital Corporation (“FBCC”). For additional information, please visit www.k2aviationpartners.com.
For further information, please contact:
| Media | Fixed Income Investors |
| Omar Alziri | Deion McCarthy |
| +971 4 428 9554 | +971 4 428 9576 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |