A Landmark Moment in Global Aviation Finance
Dubai Aerospace Enterprise (DAE) has agreed to acquire 100% of Macquarie AirFinance (MAF) in an all-cash deal worth approximately $7 billion, marking one of the biggest transactions in aircraft leasing history.
What the Deal Includes
The combined portfolio will span 1,029 aircraft, 191 airline customers, and 79 countries. Narrowbody jets will make up around 70% of the enlarged fleet, reflecting strong industry demand for fuel-efficient single-aisle aircraft as Boeing and Airbus continue to face production constraints.
Why It Matters for DAE
The acquisition effectively doubles DAE’s fleet overnight. CEO Firoz Tarapore called it a move toward building a “bigger, stronger, more diversified, and well-capitalised” lessor. The deal also brings 37 new airline customers and unlocks seven new country markets for the Dubai state-owned enterprise.
About Macquarie AirFinance
MAF, 50% owned by Australia’s Macquarie Group, currently manages 352 commercial aircraft across 48 countries, including 191 Airbus and 134 Boeing planes. The transaction will be funded through a combination of debt and equity, designed to protect DAE’s investment-grade credit ratings.
What Happens Next
The deal has received board approval and is now pending regulatory clearance, with closing expected in the second half of 2026. Once complete, DAE, owned by the Investment Corporation of Dubai, will stand alongside AerCap and SMBC Aviation Capital as one of the world’s top aircraft lessors.
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