AMAC - DAE to acquire 100% of Nordic Aviation Capital

Dubai Aerospace Enterprise (DAE) announced on Tuesday, January 7, the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group of companies (NAC). The details of this contract have not been disclosed.

According to Amac News: NAC is known as one of the largest and most reliable aircraft leasing companies in the world, which was established in Denmark more than 30 years ago.
As of September 2024, NAC's fleet consisted of 252 owned and leased aircraft leased to approximately 60 airline customers in approximately 40 countries.
Based on pro forma calculations, DAE Capital's fleet includes approximately 750 owned, managed and leased aircraft with a total value of approximately US$22 billion and is leased to approximately 170 airline customers in approximately 70 countries.
"This transaction allows us to offer more cost-effective solutions to a larger group of customers," said Firoz Tarapore, CEO of DAE.
He also added that the deal is subject to necessary regulatory approvals and approval from the shareholders of NAC Holdings Limited and is expected to close in the first half of 2025.