DAE inks asset sales agreement with K2 Aviation: UAE’s aviation services provider Dubai Aerospace Enterprise (DAE) has inked a definitive agreement with Dublin-based mid-to end-of-life aviation investor K2 Aviation to sell seven Airbus and Boeing aircraft on a leasing contract to six undisclosed airlines, according to a statement. DAE forecasts all aircrafts’ sale to close in 1H of this year. The investment ticket has not been disclosed.

More details: Under the agreement, K2 Aviation will also be responsible for the servicing of the assets in question, while DAE will oversee lease and credit management and provide aircraft remarketing, disposition, and asset management services to K2 Aviation.

About K2 Aviation: The Dublin-based firm — founded in 2024 by CFO Michael Howard (LinkedIn) — operates as a commercial plane lessor that invests in and manages portfolios of aircraft and engines. The company’s fleet is mainly from the families of Airbus 330, Airbus 320ceo, and Boeing 737 Next Generation models, according to the company’s website.

ICYMI- DAE has been boosting its Irish ties: The firm inked a definitive agreement earlier this month to acquire 100% of Irish aircraft leasing company Nordic Aviation Capital (NAC) for an undisclosed amount. The acquisition brought DAE’s total fleet size to about 750 aircraft worth USD 22 bn, leased to 170 airlines in 70 countries.

… and expanding its fleet: The company inked a USD 500 mn agreement in October to acquire 10 narrow-body aircraft, which the company then said would be leased to four airlines across four countries. DAE also inked USD 1.1 bn agreements back in August to acquire 23 aircraft from several entities, with the announcement stating that planes would be leased to 13 airlines in nine different countries.

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