DAE signs agreement to acquire Nordic Aviation Capital
Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire 100% of the Nordic Aviation Capital group of companies (NAC), an aircraft leasing company.
Image: Dubai Aerospace Enterprise (DAE)
As of September 2024, NAC’s fleet comprised of 252 owned and committed assets on lease to approximately 60 airline customers in approximately 40 countries.
On a pro forma basis, DAE Capital’s fleet will comprise of approximately 750 owned, managed and committed aircraft with a total value of approximately US$22 billion on lease to approximately 170 airline customers in approximately 70 countries.
Firoz Tarapore, chief executive officer of DAE, said: “We are delighted at this opportunity to add NAC’s capabilities, complementary market presence, and people to our platform. This transaction will allow us to provide more cost-effective solutions to a larger group of customers.”
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