{"id":99353,"date":"2025-02-20T11:49:22","date_gmt":"2025-02-20T11:49:22","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/nordic-aviation-capital-shareholders-approve-dae-takeover\/"},"modified":"2025-02-20T11:49:22","modified_gmt":"2025-02-20T11:49:22","slug":"nordic-aviation-capital-shareholders-approve-dae-takeover","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=99353","title":{"rendered":"Nordic Aviation Capital shareholders approve DAE takeover"},"content":{"rendered":"


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Dubai Aerospace Enterprise (DAE) has taken a significant step closer to a $2 billion takeover of rival Irish lessor Nordic Aviation Capital (NAC).\u00a0 \u00a0<\/p>\n

Following a shareholder vote on February 19, 2025, NAC<\/a> announced that over 85% had backed the transaction for the Dubai-based lessor to acquire 100% of the company.\u00a0\u00a0<\/p>\n

While the multi-billion-dollar deal still requires regulatory approval, it is expected that the acquisition will be finalized within the coming months. \u00a0<\/p>\n

NAC sought financial guidance from global giants Goldman Sachs International and Deutsche Bank while Clifford Chance and KPMG Deal Advisory acted as legal and accounting advisors, respectively.\u00a0\u00a0<\/p>\n

\u201cWe are pleased that shareholder approval has been received to sell the firm to DAE, a top global aircraft lessor. Our significant reshaping of the fleet plus substantial reduction of debt markedly enhanced our acquisition prospects. We appreciate the ongoing support from our business partners and team members during this transition,\u201d said <\/strong>Norman C.T. Liu, NAC President and CEO.\u00a0<\/p>\n

As of December 2024, NAC\u2019s fleet comprised of 233 owned and committed aircraft on lease to approximately 60 customers in 40 countries.\u00a0<\/p>\n