Dubai Aerospace Enterprise signed a definitive agreement to sell seven Airbus and Boeing aircraft, leased to six airlines, to K2 Aviation. A separate agreement covers aircraft asset management services, including leasing, credit management, remarketing and sales.
DAE Chief Executive Officer Firoz Tarapore said the agreement strengthens its established K2 relationship and expects the sale to close in the first half of 2025, according to a company press release.
K2 Chairman Charles Graham said the midlife aircraft support the company’s strategy and deepen a longstanding relationship with DAE.
DAE operates leasing and engineering divisions, serving over 170 customers in 65 countries, with a 500-aircraft fleet valued above US$18 billion.
Dublin-based K2 Aviation has extensive aircraft portfolio management experience and financial backing from Franklin BSP Capital Corporation.
