DAE takes over Nordic Aviation: Dubai Aerospace Enterprise (DAE) inked a definitive agreement to acquire 100% of Irish aircraft leasing company Nordic Aviation Capital (NAC) for an undisclosed amount, according to a statement. DAE plans to bankroll its latest transaction using a mix of internal resources and committed debt financing.

What’s next? The transaction is subject to regulatory approvals and shareholder approval from NAC Holdings, with completion expected in 1H 2025.

What DAE is getting: NAC’s fleet comprised 252 owned and committed assets as of September last year, leased to some 60 airline customers in 40 countries. The acquisition will bring DAE’s total fleet size to about 750 aircraft worth USD 22 bn, leased to 170 airlines in 70 countries.

ADVISORS- Allen Overy Shearman Sterling and KPMG advised DAE on the transaction.