Macquarie AirFinance

Industry consolidation accelerates as Dubai Aerospace Enterprise agrees to buy Macquarie AirFinance, expanding DAE’s fleet to more than 1,000 aircraft.

Dubai Aerospace Enterprise (DAE) agreed to take over Macquarie AirFinance in a deal worth $7 billion that solidifies its position among the largest aircraft leasing companies.

Stratos CEO Gary Fitzgerald eyes potential acquisition opportunities as leasing sector consolidation continues, creating a growing role for asset managers.

Macquarie AirFinance said it has ordered 30 more Boeing 737-8 jets in an order that will see the lessor expand its Boeing 737 MAX portfolio to 70.

Sustainable aviation fuel specialist SkyNRG has secured €300 million ($341 million) to progress construction of worldwide production facilities.

London-based Macquarie Rotorcraft Ltd is to be taken over by the joint venture of Sumitomo Mitsui Finance & Leasing (SMFL) and LCI Helicopters (LCI).

An order for 20 Boeing 737 MAX-8s doubles the lessor’s order book for the type.

The board of Kuwaiti lessor ALAFCO has recommended that the company delist and shut down, after selling off all its entire aircraft portfolio.