- Dubai Aerospace Enterprise
-
Dubai Aerospace Enterprise 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[citation needed] 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.
Contents
DAE Capital
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]
DAE Capital Passenger 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 15?[6] 10 of 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 DAE Engineering
Providing aviation maintenance, repair and overhaul (MRO) operations, engine maintenance, repair and services as well as aircraft completions and conversions.
DAE Services
An emerging airport solutions provider offering technology-based optimization products[clarification needed] and services to airlines and airport operators on a global basis.
External links
References
- ^ "DAE places $27 billion order for 200 Airbus and Boeing aircraft". 12/11/07. http://www.flightglobal.com/articles/2007/11/12/219423/breaking-news-dae-places-27-billion-order-for-200-airbus-and-boeing-aircaft.html.
- ^ "Struggling DAE Capital cuts $8 billion of orders from backlog". http://www.flightglobal.com/articles/2010/08/17/346038/struggling-dae-capital-cuts-8-billion-of-orders-from.html. Retrieved 2010-08-17.
- ^ [1]
- ^ [2]
- ^ [3]
- ^ [4]
- ^ (http://www.flightglobal.com/articles/2011/01/07/351633/guggenheim-cancellation-leaves-dae-as-747-8s-sole-lessor.html}
- ^ (http://www.boeing.com/news/releases/2009/q1/090327c_pr.html)
Categories:- Companies of the United Arab Emirates
- Aerospace companies of the United Arab Emirates
Wikimedia Foundation. 2010.