For the first half of 2024, Dubai Aerospace Enterprise (DAE) reported higher revenue of $679.2 million and a pretax profit of $154.3 million, as demand for both leased aircraft and airframe maintenance led…
Tag: DAE
Dubai plane lessor DAE revenue rises 16% to $1.3 billion; profit at $351 million
The company signed 150 lease agreements, extensions, and amendments, of which 114 are owned, and 36 are managed. Firoz Tarapore, Chief Executive Officer of DAE, said, “Our full year 2023 financial results…
Dubai plane lessor DAE receives insurance settlement of $118 million for Aeroflot-leased aircraft
The insurance settlement is tied to the $1 billion in claims submitted by the aircraft lessor after the conflict between Russia and Ukraine broke out in 2022. In response to Western sanctions,…