Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November.
Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next generation technology aircraft represent more than 90% of the acquired portfolio.
Following the acquisition of SKY Fund I, DAE Capital’s fleet of owned, managed, committed, and mandated-to-manage aircraft will grow to nearly 500 aircraft. The owned portfolio will comprise of nearly 50% of fuel-efficient, next-generation aircraft.
DAE legal team is headed by chief legal officer Lesley Jones (pictured).
DAE was advised by Freshfields Bruckhaus Deringer and KPMG.
The cross-border Freshfields team is being led by Paul Humphreys in New York and Ziyad Nassif and Holly Baker in London. Antitrust advice is provided by Mary Lehner, Aimen Mir, Charles Ramsey and Tom Morgan. Sanctions advice is being provided by Nabeel Yousef and finance advice is being provided by Kyle Lakin. Tax advice is being provided by Robert Scarborough.