DAE completes $9 billion Macquarie AirFinance acquisition as revenue rises
Dubai Aerospace Enterprise completed its Macquarie AirFinance purchase, adding 290 aircraft as nine-month revenue increased to $1.45 billion.
Dubai Aerospace Enterprise (DAE) said on November 10, 2026 that it had completed the US$9.0 billion acquisition of Macquarie AirFinance (MAF), adding 290 aircraft—272 owned and 18 managed—to its aviation-services platform.
DAE reported revenue of US$1,446.9 million for the nine months ended September 30, up from US$1,277.7 million a year earlier. Profit before tax and exceptional items rose to US$370.7 million from US$340.8 million, while operating cash flow was US$1,088.1 million.
The company said the acquisition brings its combined owned, managed and committed fleet to approximately 1,000 aircraft, and that integration is functionally complete and on track to finish by the end of November 2026. DAE also expects its broader fleet to reach about 1,300 aircraft as previously announced mandates are executed.
DAE said its liquidity and capital-adequacy metrics remained robust after closing. Net loans and borrowings stood at US$16.75 billion at September 30, while available liquidity was US$5.60 billion. The release also noted persistent airspace closures were weighing on DAE Engineering, although management described the winter pipeline as positive.
Acquisition value
$9.0B
Macquarie AirFinance
Aircraft acquired
290
272 owned, 18 managed
Nine-month revenue
$1,446.9M
vs $1,277.7M
Fleet count
983
owned, managed and committed
Sources
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