Dubai Aerospace Enterprise Ltd. announced the completion of its previously disclosed acquisition of the entire issued share capital of Macquarie AirFinance Limited and its consolidated subsidiaries, in a transaction with a total value of approximately $9 billion.

The transaction value includes the impact of changes to Macquarie AirFinance’s fleet between the date the deal was announced and the date it was completed.

Dubai Aerospace Enterprise first announced the acquisition in February 2026, before completing the procedures required to finalize the transaction.

Fleet Expands to Around 1,000 Aircraft

Dubai Aerospace Enterprise said that following the completion of the acquisition, it now owns, manages, and has contractual commitments related to a fleet of around 1,000 aircraft.

Its owned and managed fleet is leased to more than 175 airlines across over 75 countries, reflecting the company’s broad international presence and diverse customer base.

The company also has commitments to purchase approximately 150 aircraft from Boeing, Airbus, and ATR, in addition to commitments with a number of counterparties involved in aircraft trading transactions.

World’s Third-Largest Aircraft Leasing Company

Firoz Tarapore, Chief Executive Officer of Dubai Aerospace Enterprise, said: “In light of our strong track record of completing high-quality and successful acquisitions, the completion of the acquisition of Macquarie AirFinance represents another important milestone in the company’s journey. With the current size of our fleet, Dubai Aerospace Enterprise has become the world’s third-largest aircraft leasing company, both in terms of fleet value and the number of owned and managed aircraft.”

The completion of the transaction strengthens Dubai Aerospace Enterprise’s position in the global aircraft leasing market and supports its ability to expand its operations and serve a larger number of airlines across different markets.

Profit and Revenue Growth in the First Half

In a related announcement, Dubai Aerospace Enterprise Ltd. reported profit before tax of $229.9 million for the six months ended June 30, 2026, compared with $217.1 million during the same period last year.

Revenue also increased to $865.9 million, up from $843.6 million in the first half of the previous year.

The company’s financial results showed that the adjusted pre-tax profit margin rose to 26.6%, compared with 25.7%, while pre-tax return on equity reached 12.7%, compared with 13.3% in the corresponding period of 2025.

Operating cash flow totaled $594 million, compared with $659 million during the same period last year.

Available Liquidity Rises to $4.376 Billion

The company’s total assets reached $16.005 billion at the end of June 2026, while net loans and borrowings declined to $9.798 billion, compared with $10.228 billion at the end of 2025.

Available liquidity increased to $4.376 billion, up from $3.4 billion, while the liquidity coverage ratio reached a record level of 1,202%, compared with 277% at the end of last year.

The company’s net debt-to-equity ratio stood at 2.61 times, as Dubai Aerospace Enterprise continued to strengthen its financial flexibility and support its operational and expansion plans.

Strong Aircraft Leasing Activity

On the operational side, Dubai Aerospace Enterprise acquired 18 aircraft and sold 39 aircraft during the first half of 2026.

The company also signed 114 lease, extension, and amendment agreements during the period.

The number of owned, managed, and on-order aircraft in its fleet reached 638, while the engineering division recorded approximately 720,000 booked labor hours and completed 142 inspections during the same period.

Expansion Strengthens Dubai’s Position in Global Aviation

The completion of the Macquarie AirFinance acquisition marks another important step in Dubai Aerospace Enterprise’s growth journey, increasing the size of its portfolio and strengthening its position among the world’s largest aircraft leasing companies.