Operating income Website www.dubaiaerospace.com Subsidiaries 3091782 Nova Scotia | Owner Public Headquarters United Arab Emirates Type Public limited company | |
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Industry Aviation and Aircraft Leasing Industry Key people Ahmed bin Saeed Al Maktoum (Chairman)
Khalifa Al Daboos (Managing Director) Founder Ahmed bin Saeed Al Maktoum Founded 2006, Dubai, United Arab Emirates | ||
Court of first instance 026 2012 mustafa al hendi v dubai aerospace enterprise dae ltd
Dubai Aerospace Enterprise (DAE) Ltd is a global aerospace corporation, founded in 2006. DAE originally had six divisions, but as of 2010 the company has narrowed its focus to two divisions: DAE Engineering and DAE Capital.
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DAE Engineering
DAE Engineering initially provided global MRO services under the brand name StandardAero. In May 2015, DAE sold StandardAero to Veritas Capital, and, focusing more on the region, announced it acquired an 80% stake in Jordan Aircraft Maintenance Limited (Joramco) in September 2016.
DAE Capital
DAE Capital specialises in aircraft leasing, financing and other management services. DAE Capital is the largest aircraft leasing firm in the Middle East. As of February 2017, DAE Capital has a fleet of 89 aircraft with a net book value of $4 billion, which are leased to various airlines around the world. In 2014, DAE announced a $1bn order of up to 40 ATR 72-600, to be delivered between 2015 and 2018