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Aircraft leasing firm Dubai Aerospace Enterprise (DAE) Ltd will acquire Macquarie AirFinance Ltd for an approximate enterprise value of $7 billion. The all-cash transaction is expected to close in the second half of 2026.
Upon completion, the combined company will have a fleet of 1,029 owned, managed and committed aircraft. Narrowbody aircraft will account for around 70% of the combined fleet.
DAE is also expected to add 37 new airline customers to its portfolio following the acquisition.
The Dubai-based aircraft lessor was advised by Allen Overy Shearman Sterling LLP and KPMG.
Macquarie AirFinance is owned by Macquarie Asset Management (50%), PGGM Infrastructure Fund (25%) and Australia Retirement Trust (25%). The company provides aircraft leasing and financing solutions.
(Writing by Brinda Darasha; editing by Seban Scaria)
