“Dubai Aviation Industries” captures “Nordic Affechnic” with two billion dollars

“Dubai Aviation Industries” announced today its completion of the previously announced acquisition of 100% of the “Nordic Avivation Capital” company and its unified companies, from NAC Holding Company Ltd., and the total value of this deal is estimated at about two billion US dollars.

After completing this deal, “Dubai Aviation Industries” now has a fleet consisting of about 750 owned, managed and registered aircraft, knowing that the aircraft of the aircraft owned and managed includes about 650 rented aircraft for 161 airlines in 74 countries. In addition, Dubai Aviation Industries is committed to acquisition of about 100 Boeing, Airbus and ATR, and from other commercial destinations.

Fayrouz Tarabur, CEO of Dubai Aviation Industries, said that the company’s fleet consisting of 650 aircraft is owned and managed to put us in the third place globally among aircraft rental companies in terms of the number of aircraft, and this deal will contribute to enhancing our world leading position in the aircraft rental market, while improving our ability to provide more efficient and cost -effective solutions to our current and future customers.