4 September, 2006

DUBAI AEROSPACE ENTERPRISE NAMES NEW DEPUTY CEO AND CCDO

- Rashid Al Malik Tasked With Growing DAE on Global Scale - Dubai Aerospace Enterprise (DAE), the global aerospace, manufacturing and services corporation, has appointed Rashid Al Malik as Deputy CEO and Chief Corporate Development Officer.

Confirming the appointment, HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman of DAE, said: “It gives me great pleasure to appoint Rashid to such a senior position within this go-ahead organisation. He will be a considerable driving force in shaping the future of DAE.”

Al Malik, who was previously DAE’s project director, takes up his new position with immediate effect and will be an important figure in growing DAE on a global scale. His core responsibilities include the initiation and oversight of mergers and acquisitions, and identifying partnership opportunities and special development projects for the company.

Dr Mohammed Al Zarouni, Managing Director of DAE, commented: “Rashid is a leader amongst his generation. His industry-specific knowledge will prove crucial to the continuing development of DAE and Dubai.”

A pilot by training, Al Malik completed the International Pilot Training Centre programme at Western Michigan University, where he was honoured by the UAE Embassy in Washington DC for his high level of academic achievement. His outstanding scholastic performance earned him the titles of ‘Best Pilot in Academic Study 2000’, ‘Best Pilot in Flying’ and ‘Best Pilot in Overall’ and ‘Leadership’. Al Malik honed his skills with Emirates Airline as First Officer on a range of wide-body aircraft.

Bob Johnson, CEO, DAE, added: “Rashid has consistently proven himself at the highest level and his appointment as the Deputy CEO was the next logical step. An effective team player, he has been instrumental in driving forward the subsequent launch of DAE and will play a pivotal role in shaping its emergence within the global aerospace industry.”

Responding to his appointment, Al Malik said he intends to use his experience and extensive knowledge of the global aerospace and aviation industries to develop the concept of a Dubai-based aerospace business.

DAE is part of a larger vision to transform Dubai into a global centre for aviation technology, education, research, manufacturing, maintenance, repair and overhaul, as well as aircraft leasing and finance activities.