DAE revenue climbs 13% to $1.45b after MAF acquisition
Dubai Aerospace Enterprise (DAE) on November 10 reported its nine-month revenue of $1.45 billion or Dh5.31 billion, up 13 per cent. The aircraft lessor also completed its $9 billion acquisition of Macquarie AirFinance (MAF) this quarter. The company also expects its fleet to reach about 1,300 aircraft once its mandates complete. Revenue for the nine months to September 30 reached $1,446.9…
Dubai Aerospace Enterprise (DAE) reported a 13 percent increase in revenue to $1.45 billion for the nine months ending September 30, 2025. The company's total assets grew considerably to $26.83 billion as of December 31, 2025, with total loans and borrowings rising to $16.75 billion. DAE expects its fleet to reach approximately 1,300 aircraft once the mandates complete.
The acquisition of Macquarie AirFinance (MAF) has doubled DAE's owned, managed and committed fleet to about 1,000 aircraft within 24 months, making it the second largest aircraft lessor globally. CEO Firoz Tarapore confirmed that integration is complete and should be finished by the end of November. Despite persistent airspace closures affecting revenue, Tarapore remains optimistic about future business outlook, especially during the winter months from the northern hemisphere.
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