DAE had a strong FY 2025: Dubai Aerospace Enterprise (DAE) saw its bottom line jump some 47% y-o-y to USD 702.2 mn in FY 2025 — which management attributed to stronger operating performance and fleet expansion, according to an earnings release (pdf). The firm’s revenues climbed nearly 21% y-o-y to USD 1.7 bn during the same period — driven largely by higher lease revenues from newly acquired aircraft.

A year marked by fleet changes and milestone acquisitions. DAE onboarded some 280 jets while shedding 111, with its fleet of owned and managed aircraft rising some 38% y-o-y to 604 planes. The firm finalized its full acquisition of Ireland-based Nordic Aviation Capital (NAC) for an enterprise value of USD 2 bn in May. NAC’s fleet comprised 252 assets as of September 2024, leased to about 60 airlines in 40 countries.

More to come? The firm locked in some USD 3.9 bn in long-term debt financing across various public and private transactions. The firm saw strong demand for its latest debt issuance, locking in USD 600 mn in a seven-year bond as well as securing a USD 300 mn three-year unsecured loan from Bank of China in June of last year.

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