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.

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

• [5]
• [6]
• [7]

References

1. ^ "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. 
2. ^ "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. 
3. ^ [1]
4. ^ [2]
5. ^ [3]
6. ^ [4]
7. ^ (http://www.flightglobal.com/articles/2011/01/07/351633/guggenheim-cancellation-leaves-dae-as-747-8s-sole-lessor.html}
8. ^ (http://www.boeing.com/news/releases/2009/q1/090327c_pr.html)