Dubai Aerospace Enterprise and Neuberger Specialty Finance have jointly launched Mustang Aerospace, a new aircraft leasing platform targeting USD 6 billion in aircraft investments over the medium term.
The vehicle is backed by committed warehouse financing from a six-bank consortium comprising Goldman Sachs, Mizuho, BNP Paribas, MUFG, Société Générale and Truist. DAE, which is owned by Dubai's sovereign wealth fund ICD, brings its established position as one of the world's leading aircraft lessors to the partnership, while Neuberger Specialty Finance contributes institutional capital markets expertise.
The platform marks a significant expansion of DAE's asset management ambitions beyond its core owned-fleet business, pairing Gulf sovereign capital with a top-tier US alternative asset manager to access what both parties see as sustained structural demand for aircraft financing as global air travel continues its post-pandemic growth trajectory.
Gulf Economist Staff Writer