Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 100% of rival Irish lessor Nordic Aviation Capital. 

The Dubai-owned lessor confirmed on January 7, 2025, that the deal is still subject to regulatory and shareholder approval, but it is expected to be completed within the next six months.  

Nordic Aviation Capital, which has a 30-year heritage of leasing aircraft from its Irish headquarters, has a fleet comprised of 252 owned and committed aircraft on lease to around 60 airline customers across approximately 40 countries. 

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