DAE

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 […]

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

Dubai Aerospace Enterprise (DAE) has signed a new multi-tranche financing, structured as a combination of revolving credit facilities and term financing facilities, each comprising of conventional and Islamic tranches with HSBC and J.P. Morgan acting as Joint Bookrunners and Joint Mandated Lead Arrangers. Following significant demand, the transaction was upsized in syndication to more than twice

Dubai Aerospace Enterprise (DAE) and its subsidiaries have reported financial results for the six months ended June 30, 2023. Profit for the six months was US$141.1 million compared to a profit before exceptional items of US$140.1 million for the six months ended June 30, 2022. Operating profit increased by US$65.0 million to US$319.8 million compared