DAE, Blackstone Credit & Insurance launch major aviation leasing partnership

Dubai Aerospace Enterprise (DAE), a global aviation services corporation, and Blackstone Credit & Insurance (BXCI) on Thursday announced an agreement to partner to launch a new long-term global investment programme that will invest in aircraft on lease to commercial airlines, with a target deployment of approximately $1.6 billion annually.

The partnership, named Equator, will build a diversified portfolio of commercial aircraft on lease to leading airlines around the world. DAE will source the assets from third parties and DAE’s Aircraft Investor Services (AIS) group will manage the assets owned by Equator.

“Blackstone’s scaled and flexible capital provides a strong foundation to grow our third-party fleet management franchise,” said Firoz Tarapore, Chief Executive Officer of DAE. 

He added: “Our fleet size, global customer and counterparty reach, and dedicated client support team makes DAE uniquely positioned to support Equator’s long-term success. We are excited to execute on these targets, marrying our expertise with BXCI’s investing prowess to build a meaningful portfolio of aircraft for Equator.”

“We are pleased to expand our aviation capabilities alongside DAE, a leading aircraft lessor with deep technical expertise and longstanding relationships with airlines and OEMs,” said Aneek Mamik, Senior Managing Director and the Head of Financial Services for Asset Based Finance at BXCI. 

He continued: “This program underscores BXCI’s focus on deploying flexible capital into high-quality investments backed by hard assets.”

BXCI expects to provide a full spectrum of capital to support the programme, enabling flexible and dependable financing solutions across market cycles and investment opportunities. The BXCI investor group will include capital from funds managed by ITE Management, LP, a strategic partner of BXCI.

With approximately 700 aircraft, including more than 100 aircraft valued at over $4 billion under management as of December 31, 2025, DAE is one of the largest aircraft lessors globally. DAE acts as servicer in 17 servicing and management agreements for institutional and financial investors, where DAE provides its aircraft management expertise.

BXCI’s Infrastructure and Asset Based Credit Group manages over $100 billion and has more than 90 investment professionals, as of December 31, 2025.  - TradeArabia News Service