UPDATE February 26: DAE announced on February 26 that it has signed a definitive agreement to acquire Macquarie AirFinance for $7.0 billion through a combination of debt and equity. The combined companies will have a pro forma fleet of 1.029…
The acquisition of the aircraft portfolio of SKY Fund I and the effects of the war in Ukraine dominated 2022 for aircraft lessor Dubai Aerospace Enterprise (DAE). While it grew its portfolio, a write-off on nineteen aircraft in Russia pushed DAE…
Lessor Dubai Aerospace Enterprise (DAE) has grown its portfolio by 36 aircraft by acquiring SKY Fund I from leasing asset manager SKY Leasing. The acquisition includes new-technology Airbus and Boeing aircraft, for which DAE itself has no current orders in backlog.…
Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally, DAE…
Leasing of aircraft has taken a jump. Yet airlines prefer to buy them outright too. Richard Schuurman looks at the trends. Over the half a century of airliner leasing it has been a booming business. “In 1970 a half of…
So, the air in the Gulf is really normal. Reality works there too. This news is not unexpected and of course, post the Paris show, it can be swept under the carpet of “new news”. But the truth is that…