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DAE Capital Nears Deal to Take Control of Macquarie AirFinance

A potential acquisition would expand the Dubai lessor’s footprint in a seller’s market shaped by scarce new aircraft.

DAE Captial logo is seen displayed in this illustration taken, May 4, 2022. REUTERS/Dado Ruvic/Illustration

Overview

  • Two industry sources told Reuters that DAE is close to securing control of Macquarie AirFinance, though the companies have not commented.
  • Semafor reports the Macquarie unit is valued at about $6.4 billion, reflecting investor interest in established leased fleets.
  • DAE advanced from a final field that included Saudi Arabia’s AviLease and Qatar’s Lesha Bank, according to earlier Reuters reporting.
  • The sale process tracks a leasing consolidation trend as strong airline demand and production constraints at Boeing and Airbus lift asset values.
  • Industry analysis indicates a completed deal could push DAE’s owned, managed and committed fleet toward roughly 1,000 aircraft.