Dubai Aerospace Enterprise
 |
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| Public | |
| Industry | Aviation and Aircraft Leasing Industry |
| Founded | Dubai (2006) |
| Founder | Ahmed bin Saeed Al Maktoum |
| Headquarters | Dubai, United Arab Emirates |
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Key people
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Ahmed bin Saeed Al Maktoum (Chairman) Khalifa Al Daboos (Managing Director) |
 15 Billion USD (2007) |
|
| Owner | Public |
| Website | www |
Dubai Aerospace Enterprise (DAE) Ltd (Arabic: دبي لصناعات الطيران) 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.
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 specialises in aircraft leasing, financing and other management services. DAE Capital is the largest aircraft leasing firm in the Middle East. As of August 2017, DAE Capital has a fleet of approximately 400 owned, managed or committed aircraft with a net book value in excess of $14 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.
In August 2017, DAE completed the acquisition of Dublin-based AWAS.
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Wikipedia