Dubai Aerospace Enterprise (DAE) has partnered with Blackstone Credit & Insurance to launch a new aircraft leasing platform, Equator, targeting USD 1.6 billion in annual deployment.
The venture will build a diversified global portfolio of commercial aircraft leased to airlines, with DAE responsible for sourcing and managing assets through its investor services unit. Blackstone will provide capital via funds managed with infrastructure partner ITE Management.
The deal strengthens DAE’s third-party asset management capabilities and follows recent expansion moves, including a USD 7 billion acquisition of Macquarie AirFinance.
The partnership reflects growing institutional demand for aviation assets as global travel recovery drives leasing activity.
Gulf Economist Staff Writer