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Wed 20 Jun 2007 12:00 PM

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DAE growth satisfies CEO's expectations

Dubai Aerospace Enterprise says its strategy to develop a manufacturing corporation is on track.

Dubai Aerospace Enterprise's strategy to develop a manufacturing and services corporation is going to plan, according to its CEO.

Bob Johnson says the company, which was established in February 2006, has already recruited an experienced management team and launched educational programmes at DAE University. The company has also acquired MRO company SR Technics through its manufacturing and engineering subsidiaries.

"In a little over 10 months we have laid down the foundation for what is fast becoming a unique and innovative global aerospace business," Johnson said.

"We have recruited a management team that would be the envy of any company, begun to invest in organic business developments and acquisitions, and driven partnerships at the highest level of our industry. Together, these will deliver a significant return for our shareholders."

Johnson also said the Dubai-based group, which covers a range of industries including manufacturing, education, airports and engineering, will develop into a global leader.

"Each of our six divisional operations aims to lead their field through rapid development and innovation; whilst also leveraging the cross-company benefits that exist throughout the wider DAE group," he said.

"We are living in exciting times in the aerospace industry and DAE will play a major part in its future - both in our own home market of Dubai, within the wider Middle East region and across the world."

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