Strong, supportive shareholders and astute financial management allowed Dubai Aerospace Enterprise to renew its focus on its principal core competencies. The Company is achieving its vision of transforming the aviation experience for its customers.
Since its inception in 2007, DAE leasing arm -DAE Capital has built a young, well-balanced, fuel-efficient fleet of aircraft valued at over $3 billion which is leased to a geographically-diversified customer base made up of some of the world’s top airlines. Management sees a number of trends in the aviation industry that present opportunities for DAE to further grow its leasing business and support its customers’ needs for capital. Air traffic is expected to grow by an average of approximately 5 percent per year for the next twenty years and airlines will need to increase capacity to meet this growth in demand. High fuel prices and environmental concerns will continue to drive airlines to look for newer, fuel-efficient aircraft such as those in the DAE fleet. Furthermore, it is expected that more and more airlines will continue move towards leasing aircraft instead of buying in an effort to free up capital. DAE currently has capital available and is seeking opportunities to engage in sale/leaseback transactions of new, narrow-body aircraft while helping customers free up cash and get into modern, fuel-efficient aircraft.
Khalifa H. AlDaboos
Dubai Aerospace Enterprise (DAE) Ltd