Dubai Aerospace Enterprise and Neuberger Berman have launched Mustang Aerospace, a $6 billion aircraft leasing joint venture. The global co-investment platform pools capital from DAE’s leasing operations and Neuberger Berman’s asset-based finance arm to acquire a varied fleet of aircraft. This unified model replaces separate operations, enabling both firms to expand leasing capabilities with a broader, more diverse fleet than individually possible. Mustang Aerospace marks a strategic shift toward large-scale joint ventures in aviation finance, reflecting sector trends to manage risk and maximize fleet acquisition efficiency. The venture will purchase aircraft across different types and ages, though ownership splits and initial fleet composition remain unspecified.