Dubai Aerospace to Buy Macquarie AirFinance for $7 Billion

Dubai Aerospace Enterprise agreed to buy Macquarie AirFinance Ltd. for an enterprise value of about $7 billion, expanding its fleet of aircraft to more than 1,000 units and extending consolidation in the jet-financing industry.

DAE will finance the cash transaction with a combination of debt and equity, the company said in a statement announcing the deal. The purchase will more than double DAE’s fleet compared with its size at the end of 2024, according to the company.