Dubai Aerospace to buy Macquarie AirFinance in $7bn deal

DUBAI: Dubai Aerospace Enterprise said on Thursday it will buy aircraft leasing firm Macquarie AirFinance for an enterprise value of about $7 billion, creating a combined fleet of 1,029 planes and one of the world’s biggest lessors. The sale, which followed a competitive bidding process, underscores strong investor appetite ‌for aircraft ‌assets as Boeing and Airbus struggle to ​ramp ‌up ⁠production to ​meet airline ⁠demand. The global aircraft leasing market is dominated by AerCap Holdings N.V. and SMBC Aviation Capital, both based in Ireland.

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