Milbank Advises Dubai Aerospace Enterprise (DAE) Ltd on Acquisition of Aircraft Portfolio

Milbank LLP represented Dubai Aerospace Enterprise (DAE) Ltd, a globally recognized aviation services corporation, on the acquisition, through one of its affiliates, of a portfolio of 64 Boeing 737 MAX aircraft from a wholly owned subsidiary of China Aircraft Leasing Group Holdings Limited. The portfolio includes 737-8, 737-9 and 737-10 variants. Delivery of the aircraft is scheduled to occur between 2023 and 2026.

The Milbank team was led by Drew Fine, partner and chair of Milbank’s Transportation and Space and Finance practices, Dean W. Sattler, Global Corporate/M&A partner and head of Milbank’s US Corporate/M&A practice, London Corporate/M&A partner Andrej Wolf and Global Corporate/M&A special counsel Merih Altay, with support from Transportation and Space special counsel Siddharth Sharma and associates Ariella Stepanian, Zachary Cronin and Mark Leverkus, Global Corporate/M&A special counsel Daniel Tyrrell, associates Timothy Merchant and Jinney Chung and trainee Gabriel Steinberg, Global Tax special counsel Andrew Callaghan and associate Jade Du Berry, and Global Risk and National Security partner Bijan Ganji and associate Ethan Heben.