Wednesday 5 August 2015
 
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Dubai's DAE to sell StandardAero to Veritas Capital fund

Leasing firm Dubai Aerospace Enterprise (DAE) has agreed to sell StandardAero, an engine maintenance, repair and overhaul (MRO) company, to an affiliate of private equity firm Veritas Capital, it said in a statement on Tuesday. Du

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DAE net income up 43pc

Dubai Aerospace Enterprise (DAE), the largest aircraft leasing firm in the Middle East, reported a net income of Dh586 million ($159.5 million) for 2014, up 43 per cent from the same period the previous year. Revenue for 2014 increased

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DAE signs lease deal with Libyan Wings

Dubai Aerospace Enterprise (DAE) has signed a long-term lease deal with Tripoli-based airline Libyan Wings, for two Airbus A319 aircraft.    The aircraft will be delivered this year, said a statement.

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Dubai Aerospace orders $1bn turboprops

Dubai Aerospace Enterprise (DAE), the largest aircraft leasing firm in the Middle East, has ordered 20 turboprop commercial aircraft with an option for another 20 planes from French-Italian manufacturer ATR, the company said on Wednesday.

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UK firm confirms merger talks with DAE

British aircraft services company BBA Aviation confirmed talks to merge with parts of Dubai Aerospace Enterprise (DAE), and said it had bought US firm Maguire Aviation for $69 million.   BBA's shares opened 6

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CEO of Dubai Aerospace's division quits

Majority state-owned firm Dubai Aerospace Enterprise (DAE) said that the chief executive officer of its Capital division, Robert Genise, had stepped down to take part in an entrepreneurial venture. "We will take this opportunity to consoli

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DAE Capital CEO quits

Dubai Aerospace Enterprise (DAE), a leader in maintenance, repair and overhaul (MRO) services, said that the CEO of its Capital division, Robert Genise, had left the company to get involved in a more entrepreneurial venture. “We

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Dubai's DAE slashes jet orders

Airbus said on Friday it had more than doubled its year-to-date orders due to a bumper Farnborough Airshow, but the pick-up was marred by the cancellation of $3 billion of orders from Dubai Aerospace Enterprise.    The Duba

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DAE appoints new chairman

State-owned Dubai Aerospace Enterprise (DAE), currently in negotiations with Boeing and Airbus over plane orders, has appointed a new chairman to its executive committee. Mohammed Ahmed Al Zarooni, formerly the managing director of DAE, wa

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DAE ‘in negotiation’ on Boeing, Airbus orders

State-owned Dubai Aerospace Enterprise (DAE) was 'in negotiation' with Boeing and Airbus regarding its aircraft orders, the emirate's finance chief said on Thursday. 'It's in negotiation,' said Abdelrahman al Saleh

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