DAE completes acquisition of Nordic Aviation Capital to become world's third largest lessor
Dubai Aerospace Enterprise (DAE) completed (07-May-2025) the acquisition of 100% of the outstanding share capital of Nordic Aviation Capital and its consolidated subsidiaries from NAC Holdings. The enterprise value is approximately USD2 billion. DAE now has a fleet of approximately 750 owned, managed and committed aircraft. The owned and managed fleet of approximately 650 aircraft is on lease to 161 airlines in 74 countries. DAE has commitments to acquire approximately 100 aircraft from ATR, Airbus, Boeing and trading counterparties. DAE CEO Firoz Tarapore commented: "Our fleet of 650 owned and managed aircraft now makes us the third largest aircraft lessor globally by number of aircraft". [more - original PR]
Background ✨
Dubai Aerospace Enterprise (DAE) had recently signed agreements to acquire 17 next-generation aircraft for approximately USD1 billion, with 89% being narrowbodies, primarily from Airbus and Boeing1. In 1Q2025, DAE acquired 19 aircraft and sold 15, while signing 61 lease agreements2. The acquisition of Nordic Aviation Capital by DAE, approved by NAC's shareholders, was valued at over USD2 billion and was expected to be completed in 1H20253.