| Type | Public |
|---|---|
| Industry | Aviation and Aircraft Leasing Industry |
| Founded | Dubai (2006) |
| Founder(s) | Sheikh Ahmed bin Saeed Al Maktoum |
| Headquarters | Dubai, United Arab Emirates |
| Operating income | 15 Billion USD (2007) |
| Owner(s) | Public |
| Website | 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 will grow through a series of phased developments and eventually be based at Al Maktoum International Airport at Dubai World Central, the new 140 square kilometre airport and logistics city being constructed at Jebel Ali, Dubai.
DAE’s shareholders include the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, Istithmar World, and Dubai Silicon Oasis.
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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]
| 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 | 10[6] | These frames were acquired from Emirates Sky Cargo on a sale and leaseback deal. [7] | |
| Boeing 777F | 2 | 6 | For Emirates Sky Cargo [8] | |
| Total | 46 | 21 |
Providing aviation maintenance, repair and overhaul (MRO) operations, engine maintenance, repair and services as well as aircraft completions and conversions.
An emerging airport solutions provider offering technology-based optimization products and services to airlines and airport operators on a global basis.