Dubai Aerospace Enterprise

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Dubai Aerospace Enterprise (DAE)

دبي لصناعات الطيران
Type Public
Industry Aviation and Aircraft Leasing Industry
Founded Dubai (2006)
Founders Ahmed bin Saeed Al Maktoum
Headquarters Dubai, United Arab Emirates
Key people Ahmed bin Saeed Al Maktoum (Chairman)
Khalifa Al Daboos (Managing Director)
Operating income Increase 15 Billion USD (2007)
Owners Public
Website www.dubaiaerospace.com

Dubai Aerospace Enterprise (DAE) is a global aviation corporation. DAE was founded by the Dubai government in 2006 with a $15bn capital base. The company originally had six divisions - DAE Capital, DAE Services, DAE Manufacturing, DAE Airports, DAE Engineering and DAE University. It has since shut all units except for leasing division DAE Capital and DAE Manufacturing.

DAE Capital[edit]

DAE Capital specialises in aircraft leasing, financing and insurance with other management services.

On 12 November 2007 DAE signed letters of intent for aircraft order worth $27 billion at the 2007 Dubai Airshow.[1] As of April 2009, DAE Capital had a fleet of 36 aircraft which are leased to various airlines around the world. In 2010, DAE was "struggling", and cancelled orders for 50 Airbus and Boeing airliners worth $8 billion.[2]

Fleet[edit]

DAE Capital Fleet[3]
Aircraft In Service Orders[4] Notes
Airbus A319-100 8 0
Airbus A320-200 7 0
Airbus A330-200 11 0 3 A330-223s were acquired from Kingfisher Airlines under a 'sale and leaseback deal'.[5]
Airbus A350-900 0 0
Boeing 737-700 3 0
Boeing 737-800 13 0
Boeing 777-300ER 4 0 2 new 777-319ERs have been leased to Air New Zealand for 12yrs.
Boeing 747-8F 0 5[6][7] These frames were acquired from Emirates Sky Cargo on a sale and leaseback deal.[8]
Boeing 777F 2 6 For Emirates Sky Cargo [9]
Total 46 21

References[edit]

External links[edit]