DAE Completes Acquisition of SKY Fund I Irish, Ltd.

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday 18 November 2022.

Sky Fund is owned by me and intends to own 36 aircraft on lease to 14 airline customers in 11 countries. New generation aircraft make up more than 90% of the purchased portfolio.

Following the acquisition of SKY Fund I, DAE Capital’s fleet of owned, operated, leased and mandated aircraft will grow to nearly 500 aircraft. Own portfolio will consist of almost 50% of new generation economical aircraft.

Firoz Tarapore, Chief Executive Officer of DAE, commented: “This acquisition of mostly fuel-efficient next-generation aircraft supports our continued growth and furthers our commitment to invest in new technology aircraft, reducing the emission intensity of our total fleet. We are delighted to welcome our new airline relationships and deepen our relationships with existing airline customers.”

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https://www.avitrader.com/2022/11/21/dae-completes-acquisition-of-sky-fund-i-irish/ DAE Completes Acquisition of SKY Fund I Irish, Ltd.

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