UAE Perspectives

Finance & Sovereign Wealth

DAE Launches $6B Aviation Leasing Venture with US-based Neuberger

July 2024

Dubai Aerospace Enterprise (DAE) and US-based Neuberger Specialty Finance announced a new aircraft leasing co-investment vehicle — Mustang Aerospace. Targeting up to $6 billion in aviation assets, DAE and Neuberger will jointly acquire and manage a global fleet, building on a co-investment relationship dating back to 2017. DAE currently operates a 700-aircraft fleet valued at $25 billion. The new partnership works to scale its operations alongside Neuberger's asset-based financial platform.

Why This Matters

The UAE is boosting US aviation through major orders of American-made aircraft, joint investment initiatives and fleet management as global aircraft demand continues to rise. Supported by financing from US institutions including Goldman Sachs and Truist, Mustang Aerospace is DAE's second major institutional aviation platform in recent months, following its $1.6 billion leasing venture with Blackstone. In 2025, UAE airlines Emirates, Etihad and flydubai also placed a total of $65.5 billion in Boeing aircraft orders. These partnerships drive growth across the US aerospace industry, supporting jobs in advanced manufacturing and financial services.

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Finance & Sovereign Wealth

DAE Launches $6B Aviation Leasing Venture with US-based Neuberger

July 10, 2024

0

min read

Dubai Aerospace Enterprise commercial aircraft in flight, representing the company's global aircraft leasing and aviation investment portfolio.

Dubai Aerospace Enterprise (DAE) and US-based Neuberger Specialty Finance announced a new aircraft leasing co-investment vehicle — Mustang Aerospace. Targeting up to $6 billion in aviation assets, DAE and Neuberger will jointly acquire and manage a global fleet, building on a co-investment relationship dating back to 2017. DAE currently operates a 700-aircraft fleet valued at $25 billion. The new partnership works to scale its operations alongside Neuberger's asset-based financial platform.

Why This Matters

The UAE is boosting US aviation through major orders of American-made aircraft, joint investment initiatives and fleet management as global aircraft demand continues to rise. Supported by financing from US institutions including Goldman Sachs and Truist, Mustang Aerospace is DAE's second major institutional aviation platform in recent months, following its $1.6 billion leasing venture with Blackstone. In 2025, UAE airlines Emirates, Etihad and flydubai also placed a total of $65.5 billion in Boeing aircraft orders. These partnerships drive growth across the US aerospace industry, supporting jobs in advanced manufacturing and financial services.