Dubai Aerospace Enterprise (DAE), the largest aviation leasing and engineering company in the Middle East, has announced its decision to sell 75 aircraft to two undisclosed buyers as part of a strategic fleet realignment. This move includes the sale of a portfolio consisting of 50 Embraer E-Jets to a specialist lessor and an additional 25 out-of-production aircraft to a financial investor.

The transactions are expected to encompass lease, asset, and technical management services, although the terms of the deals have not been disclosed. DAE’s CEO, Firoz Tarapore, emphasized that these transactions will enable the company to concentrate on its preferred aircraft types, enhancing the fuel efficiency, age, and lease terms of its fleet.

Upon completion of these transactions, DAE anticipates that its fleet composition will consist of 45 percent Boeing aircraft, 42 percent Airbus aircraft, and 13 percent ATR aircraft. All transactions are expected to close by the end of the year, according to the company’s statement.

In March, DAE had previously acquired 17 aircraft for $1 billion from various sellers. Furthermore, in January, the company, which is under the control of the Investment Corporation of Dubai, expanded its portfolio by acquiring the Ireland-based aircraft leasing company Nordic Aviation Capital. DAE currently serves over 200 airline customers in more than 85 countries, operating a fleet valued at $22 billion, which includes 750 Airbus, ATR, Embraer, and Boeing aircraft.