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.
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
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
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.
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.
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
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
Dubai Aerospace Enterprise has selected Messier-Bugatti, a Safran Group company, to supply wheels and carbon brakes for 70 Boeing 737 Next Generation aircraft to be delivered new from Boeing starting in 2010.
Bob Genise, CEO of DAE Capital
Dubai aviation leasing firm DAE Capital, which has about $27 billion worth of aircraft orders from Airbus and Boeing, said it will wait until mid-2010 for rates to recover before marketing its aircraft.
DAE chief executive Robert Genise sa