Dubai Aerospace Enterprise acquires Nordic Aviation Capital amid industry consolidation

The acquisition will be funded through DAE's internal resources and committed debt financing. The company assures that its financial metrics will remain stable post-transaction. Completion of the deal is anticipated within the first half of the year pending regulatory and shareholder approvals from NAC.

Simultaneously, NAC has signed a lease agreement with Rise Air in Saskatoon, Canada for two ATR 72-600 aircraft.

Throughout 2024, DAE made several strategic acquisitions totaling at least 33 aircraft from various sources. In August, they purchased 23 aircraft for approximately $1.1 billion. The portfolio consists predominantly of narrowbody next-generation models like the Airbus A320neo or Boeing 737 Max.

DAE continued expanding by acquiring ten more aircraft in October for around $500 million and trading equity interests in managed aircraft portfolios between investors.

Over recent years, consolidation among aircraft lessors has been prevalent. Notable transactions include AviLease acquiring Standard Chartered’s leasing business for $3.6 billion and SMBC Aviation Capital merging with Goshawk Management to become a leading global player.

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