Dubai Aerospace Enterprise (DAE), a leading global aviation services company, has signed definitive agreements to sell approximately 75 aircraft to two separate counterparties. This strategic move is aimed at optimizing DAE’s fleet composition, focusing on newer, more fuel-efficient aircraft to meet evolving market demands.

The transactions involve the sale of around 50 Embraer E-JETS to a specialized aircraft lessor and approximately 25 out-of-production aircraft to a financial investor. DAE will continue to provide lease, asset, and technical management services for the latter portfolio. Financial terms of the deals have not been disclosed.

Firoz Tarapore, Chief Executive Officer of DAE, stated, “These transactions align our portfolio with our target aircraft types, improving fuel efficiency, reducing fleet age, and extending lease terms. They reflect our commitment to delivering value to stakeholders while adapting to evolving market needs.”

Upon completion, DAE’s pro forma fleet composition is expected to consist of 45% Boeing aircraft, 42% Airbus aircraft, and 13% ATR aircraft. This shift underscores DAE’s dedication to modernizing its portfolio and prioritizing aircraft types that meet current market demands for efficiency and sustainability.

The transactions are subject to regulatory approvals and customary closing conditions, with completion anticipated before the end of 2025. DAE was advised by Allen Overy Shearman Sterling LLP and KPMG, ensuring robust legal and financial oversight.

This announcement follows DAE’s recent acquisition of Nordic Aviation Capital for $2 billion, further solidifying its position as one of the world’s leading aircraft lessors.