Dubai Aerospace Enterprise Ltd. (DAE) has announced that it has completed the acquisition of 100% of the outstanding share capital of Nordic Aviation Capital and its consolidated subsidiaries from NAC Holdings Limited. This was previously announced in January 2025. The enterprise value is approximately US$2 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. In addition, DAE has commitments to acquire approximately 100 aircraft from Boeing, Airbus, ATR, and trading counterparties.
Commenting following the announcement of the deal, the Chief Executive Officer of DAE, Firoz Tarapore said, “Our fleet of 650 owned and managed aircraft now makes us the 3rd largest aircraft lessor globally by number of aircraft. This transaction augments our position as a global leader in aircraft leasing and enhances our ability to offer more cost-effective solutions to our current and prospective clients. This transaction also offers us the opportunity to deepen our relationship with the OEMs across a broader range of aircraft types. We welcome NAC’s airline clients to our client family and look forward to building trusted relationships with them over time. We thank the hard-working men and women who have played a role in the development of NAC since its founding 35 years ago. I would also like to thank NAC’s Chairman Yadin Rosov and Chief Executive Officer Norm Liu and the entire team for their professionalism, dedication, and commitment to success throughout this process.”
