DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMi1wFBVV95cUxOeDM0dUVEOGU3SEJpbGx4cTdKOXJmZFlxOEEtS2N4UlgyTmQzOUNMNFpEM2FjZlBEUWltS3JwWnBmUDZPUUlNd201U1RLbW1wMEV2eTJvYlVHaXRISzhJY2l5VUFSVVBrb1RJNzZzTVZhRkNpT203eW9ERW44SEVDZmU0dE0xZW84aXVrdjJLWk5xN2JUZHo5VVJqem92b0VLSllUSVh4MXNONDJZOWp3dDNwbGE1czBCV2x1WjZpT0JIRUFFaG11YmJxS3p5OEVpcGZGTUhYaw?oc=5" target="_blank">DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Dubai-based aircraft lessor DAE Capital is nearing a deal to acquire control of Macquarie AirFinance, according to industry sources. The acquisition follows a competitive bidding process amid soaring demand for aircraft, with Boeing and Airbus unable to meet airline needs. In 2017, DAE acquired Dublin-based AWAS, the world's tenth-largest aircraft lessor.

Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said. The two firms did not immediately respond to a request for comment. In January, Reuters reported that DAE was among the final contenders for the Macquarie aircraft leasing assets, alongside Saudi Arabia’s AviLease and Qatar’s Lesha Bank. A sale follows a competitive round of bidding as demand for aircraft soars with commercial planesmakers Boeing and Airbus unable to produce enough jets to keep up with demand from airlines. That has created an opportunity for owners of lessors to sell at premium multiples. In 2017, Dubai Aerospace Enterprise (DAE) acquired Dublin-based AWAS, the world’s tenth biggest aircraft lessor.

Dubai-based aircraft lessor DAE Capital is close to acquiring control of Macquarie AirFinance, according to industry sources. The deal comes amid soaring demand for aircraft, with Boeing and Airbus unable to meet airline needs, creating opportunities for lessors to sell at premium multiples.

DAE Capital is nearing a deal to acquire Macquarie AirFinance, as demand for aircraft surges and manufacturers struggle to keep up. The acquisition follows a competitive bidding process, with DAE among the final contenders alongside AviLease and Lesha Bank.