DAE Archives

DAE secures US$201 million in insurance settlements

Dubai Aerospace Enterprise (DAE) has received cash proceeds totalling approximately US$201 million over the past three months from settlements with selected insurance companies. These settlements pertain to aircraft that were previously leased to airline carriers in the Russian Federation. Following these settlements, DAE and its relevant affiliated entities have released their claims against the involved […]

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Hainan Airlines has signed lease agreements for four Boeing 737 aircraft from lessor DAE

Hainan Airlines signs lease agreements with DAE

Aircraft & Engines

Hainan Airlines and Dubai Aerospace Enterprise (DAE) have signed new lease agreements for four Boeing 737-8 aircraft, scheduled for delivery in late 2025 and early 2026. DAE CEO Firoz Tarapore highlighted that the deal strengthens DAE’s relationship with Hainan Airlines, emphasising DAE’s commitment to meeting the airline’s evolving fleet requirements. These advanced Boeing 737-8 aircraft

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DAE posts strong financial results for past nine months

Financial

Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ended September 30, 2024, revealing a 57% increase in profit before tax, which rose to 13% when excluding exceptional items. The company experienced a revenue growth of 3%, resulting in pre-tax profitability margins of 23% and a pre-tax return on equity of

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DAE expands fleet with acquisition of ten next-generation aircraft

Aircraft & Engines

Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire ten narrow-body, next-generation aircraft for an aggregate consideration of approximately US$0.5 billion. This latest addition to DAE’s portfolio consists entirely of aircraft currently leased to four airlines operating in four different countries. In conjunction with this acquisition, DAE has also facilitated the purchase and sale

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DAE to acquire 23 aircraft in US$1.1 billion deal

Aircraft & Engines

Dubai Aerospace Enterprise (DAE) has announced agreements to acquire 23 aircraft from multiple counterparties for a total of approximately US$1.1 billion. The consolidated aircraft portfolio will have a weighted average age of 3.4 years and a weighted average remaining lease term of 8.8 years. These aircraft are leased to 13 airlines across nine countries. The

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DAE and AAT have signed a pilot training MoU

DAE signs pilot training MoU with Ansett Aviation Training (AAT)

Other News

Dubai Aerospace Enterprise (DAE) has signed a Memorandum of Understanding (MoU) with Ansett Aviation Training (AAT), the Australia headquartered global operator of pilot simulator training centres. This MoU will promote the United Arab Emirates as a leading global aviation service provider and strengthen ties between DAE and AAT by supporting each other’s customer bases and

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DAE and Turkish Airlines sign long-term lease agreements

Aircraft & Engines

Dubai Aerospace Enterprise (DAE) has reached an agreement with Turkish Airlines for the lease of ten new Boeing 737-8 aircraft. The aircraft are scheduled to deliver in 2025. Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to further deepen our already strong and long-term relationship with Turkish Airlines

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DAE has leased two ATR 72-600 aircraft to FLY91 © ATR

DAE leases two ATR 72-600s to Indian carrier FLY91

Aircraft & Engines

Dubai Aerospace Enterprise (DAE) has signed an agreement with FLY91 for the lease of two ATR 72-600 aircraft. These planes are set to be delivered in 2024 and will mark the initial additions to FLY91’s fleet. FLY91, a regional carrier, aims to improve air connectivity from smaller towns in India, specifically tier 2 and tier

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DAE secures US$118 million cash insurance settlement for Aeroflot-leased aircraft

Financial

Dubai Aerospace Enterprise (DAE) has successfully obtained a cash insurance settlement totalling approximately US$118 million (£93 million) for aircraft previously leased to Public Joint Stock Company “Aeroflot – Russian Airlines” (Aeroflot). The settlement amount signifies the resolution of DAE’s insurance claims under Aeroflot’s insurance and reinsurance policies, specifically pertaining to seven aircraft and their associated

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DAE reports financial results for the nine months ended September 30, 2023

Financial

Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2023. The company reported revenues of US$989.2 million, compared to US$853.9 million in 2022 and profit before tax and exceptional items of US$207.5 million, compared to US$200.6 million for the same period in 2022. In the third quarter of

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DAE secures US$201 million in insurance settlements

Hainan Airlines signs lease agreements with DAE

DAE posts strong financial results for past nine months

DAE expands fleet with acquisition of ten next-generation aircraft

DAE to acquire 23 aircraft in US$1.1 billion deal

DAE signs pilot training MoU with Ansett Aviation Training (AAT)

DAE and Turkish Airlines sign long-term lease agreements

DAE leases two ATR 72-600s to Indian carrier FLY91

DAE secures US$118 million cash insurance settlement for Aeroflot-leased aircraft

DAE reports financial results for the nine months ended September 30, 2023

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