Last Updated: March 14, 2025 | 09:47 AM IST Source: Gulf News Report Dubai Aerospace Enterprise (DAE) is set to invest approximately $1 billion to acquire 17 additional aircraft, according to a company statement. The deals have been signed with multiple counterparties to bolster the firm's fleet.
Key Highlights:
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80% of the new aircraft are manufactured by Airbus, while the remaining 20% are from Boeing.
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The 17 aircraft are currently leased to 11 airlines across 10 countries.
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The acquisitions will reduce DAE’s weighted average passenger fleet age to 6.9 years.
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Upon completion, DAE’s fleet composition will be 46% Airbus, 49% Boeing, and 5% ATR 72-600 aircraft.
Strategic Expansion
“This transaction allows us to further deepen our relationship with our global base of airline customers, and we welcome three airline customers back to DAE,” said Firoz Tarapore, CEO of DAE.
DAE Capital, the company's aircraft leasing division, currently manages a fleet of approximately 500 Airbus, ATR, and Boeing aircraft, valued at $20 billion.
Sourcing Aircraft Amid Industry Challenges
With ongoing delivery delays affecting new aircraft orders, DAE continues to source assets in the secondary market to meet its growth and portfolio management objectives.
In 2024, the Dubai-based company had announced a $1.6 billion investment for the acquisition of 36 aircraft as part of its expansion strategy.
