DAE Completes US$9.0 billion Acquisition of Macquarie AirFinance

Arabic version

Dubai, U.A.E., 29 July 2026 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today announced that it had completed the previously announced acquisition of 100% of the outstanding share capital of Macquarie AirFinance Limited and its consolidated subsidiaries (“MAF”). The enterprise value is approximately US$9.0 billion, including the impact of changes to MAF’s fleet between announcing the transaction and closing.

DAE now has a fleet of approximately 1,000 owned, managed and committed aircraft. The owned and managed fleet is on lease to over 175 airlines in over 75 countries. In addition, DAE has commitments to acquire roughly 150 aircraft from Boeing, Airbus, ATR, and trading counterparties.

Firoz Tarapore, Chief Executive Officer of DAE, commented, “With a track record of successful transformational acquisitions, the closing of MAF marks another milestone on our journey. Our current fleet size makes us the third largest lessor globally, both by fleet value and number of owned and managed aircraft. We have positioned ourselves as a global leader in fleet solutions for our airline customers, delivering high quality, competitive solutions, which are further supported by our recently announced initiatives with both Blackstone and Neuberger, allowing us to provide a compelling offering across fleet lifecycles.

This transaction also allows us to deepen our long-standing relationships with Boeing and Airbus. Delivery slots on our orderbook now extend into the 2030s, giving us the flexibility to better support our airline customers’ fleet requirements.

We are excited to both welcome new airline customers to DAE Capital and expand our relationship with current airline customers as part of the transaction, and we look forward to building on the strengths of the combined business.”

This transaction was originally announced in February 2026. DAE was advised by Allen Overy Shearman Sterling LLP and KPMG.

Forward Looking Statements
Certain information contained in this Press Release may constitute “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “could”, “continue”, “expect”, “anticipate”, “predict”, “project”, “plan”, “estimate”, “budget”, “assume”, “potential”, “future”, “intend” or “believe” or the negatives thereof or other comparable terminology. These statements reflect DAE’s current expectations and assumptions and involve known and unknown risks regarding future events, results or outcomes and are not guarantees of future results or financial condition. Actual results, performance, achievements, or conditions may differ materially from those in the forward‐looking statements and assumptions as a result of a number of factors, many of which are beyond DAE’s control.