IAT Leasing announces the acquisition of two (2) Boeing B737 aircraft on lease to WestJet

8 June 2026 – Dublin, Ireland: IAT Leasing (“IAT”) is pleased to announce the acquisition of two 2009-vintage Boeing 737 aircraft, comprising one 737-800 (MSN 36690) and one 737-700 (MSN 36691), both on lease to WestJet. The aircraft were acquired from Dubai Aerospace Enterprise (“DAE”) on behalf of funds managed by two existing US investors, on a co-invest basis- the first time this structure has been used for aircraft acquisition in the platform. IAT will provide ongoing lease administration and asset management services for the aircraft.

The transaction marks a successful repeat transaction with DAE and WestJet, a leading Canadian carrier, as a returning lessee within the IAT-managed portfolio. The acquisition further deepens IAT’s relationship with its equity partners.

Martin Browne, Chief Executive Officer of IAT, commented: “We are delighted to complete this transaction with DAE Capital. Welcoming WestJet back to our roster of airline customers is an exciting step for the platform, and reflects our continued focus on acquiring liquid, in-demand narrowbody assets placed with high-quality global airline credits.”

Magnus Stephensen, Chairman of IAT, commented: “This transaction is consistent with IAT’s strategy of building a portfolio of durable assets supported by strong airline lessees. We are pleased to broaden our trading relationships with our long-standing partners DAE Capital and to continue expanding our partnership with equity partners.”

Pillsbury Winthrop Shaw Pittman LLP acted as acquisition lead counsel to IAT. Holland & Knight LLP acted as counsel to DAE Capital. Blakes acted as lessee counsel. Matheson LLP acted as Irish legal counsel for the investors. KPMG Ireland advised IAT on tax matters.