Dubai Aerospace Enterprise
|This article needs additional citations for verification. (October 2013)|
|Industry||Aviation and Aircraft Leasing Industry|
|Founder(s)||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||15 Billion USD (2007)|
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 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. 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.
|Airbus A330-200||11||0||3 A330-223s were acquired from Kingfisher Airlines under a 'sale and leaseback deal'.|
|Boeing 777-300ER||4||0||2 new 777-319ERs have been leased to Air New Zealand for 12yrs.|
|Boeing 747-8F||0||5||These frames were acquired from Emirates Sky Cargo on a sale and leaseback deal.|
|Boeing 777F||2||6||For Emirates Sky Cargo |
- "DAE places $27 billion order for 200 Airbus and Boeing aircraft". Flight Global.com. 12/11/07.
- "Struggling DAE Capital cuts $8 billion of orders from backlog". Retrieved 2010-08-17.
- "Portfolio Summary". DAE Capital. Retrieved 2013-10-26.
- "Dubai Aerospace Enterprise cancels 32 737s". Flightglobal.com. 2011-02-04. Retrieved 2013-10-26.
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- "Twitter / jonostrower: WSJ: Boeing Confirms Dubai". Twitter.com. Retrieved 2013-10-26.