Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

DAE to acquire 17 aircraft for $1 bn

The portfolio comprises next-gen aircraft.
  • Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
  • These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.

Dubai, UAE — Dubai Aerospace Enterprise (DAE) Ltd Friday announced that it had recently signed agreements with multiple counterparties to acquire 17 aircraft for an aggregate consideration of approximately US$1 billion.

This portfolio comprises 100 percent next-generation aircraft, of which 89 percent are narrow-body aircraft. Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing. These 17 aircraft are on lease to 11 airlines in 10 countries.

Upon completion, these aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years and increase DAE’s weighted average passenger fleet lease term remaining to 6.6 years. Additionally, on completion, DAE’s pro-forma fleet composition is expected to be 46 percent Airbus aircraft, 49 percent Boeing aircraft, and 5 percent ATR 72-600.

Firoz Tarapore, Chief Executive Officer of DAE, commented, “Amid ongoing orderbook delivery delays, we are continuing to source attractive assets in the secondary market to meet our growth and portfolio management targets.”