Dubai Aerospace Enterprise (DAE), a global aviation services company, has posted a nine-month (9M) revenue of $1.45 billion and a profit before tax and exceptional items of $370.7 million.

For the period ending September 30, 2026, it maintained an operating cash flow of $1.09 billion adjusted pre-tax profit margin of 25.6%. Total assets were put at $26.834 billion.

During the period it completed the $9.0 billion acquisition of Macquarie AirFinance Limited (MAF).

Fleet projected to grow to 1,300

The company sees its owned, managed, committed and mandated fleet count to grow to 1,300 aircraft.

The number of aircraft acquired by the company was 290 (owned: 272; managed: 18) in 9M. The number of aircraft sold was 58 (owned: 48; managed: 10).

Lease agreements, extensions, and amendments signed were 195 (owned: 158; managed: 37)

The company has 983 owned, managed, and committed aircraft in its fleet. The number of man hours booked (DAE Engineering) was ~900,000 and the number of checks performed (DAE Engineering): 170+.

It also announced four Boeing 777F purchase leaseback transaction with Saudia.

Second largest aircraft lessor globally

Commenting on the results, Firoz Tarapore, Chief Executive Officer of DAE, stated, “We completed the previously announced acquisition of MAF at the end of July. This acquisition brings our combined Owned, Managed and Committed fleet count to approximately 1,000 aircraft; double what it was 24 months ago. Our Owned Fleet count of 716 aircraft makes us the second largest aircraft lessor globally.

“This acquisition of MAF and the previously announced mandates from Blackstone and Neuberger significantly boost our ability to offer more comprehensive solutions to our airline clients, enrich our dialog with our suppliers and expand our reach with our trading counterparties. Successfully executing our mandates puts us on a trajectory to reach a combined fleet count of approximately 1,300 aircraft.

“Following the closing of the MAF acquisition, our liquidity and capital adequacy metrics remain robust, underscoring our commitment to our stakeholders that major transactions will be appropriately capitalised and funded on the date of closing. The integration of the acquisition is now functionally complete and is on track to be fully complete by end-November 2026.

“Turning to DAE Engineering, revenue from this division remains below our target as a consequence of persistent airspace closures, many of which remain in place today. The outlook for the northern hemisphere winter season is positive, and the pipeline of aircraft inductions expected is robust.”—TradeArabia News Service