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Thu 19 Apr 2007 03:49 PM

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Dubai Aerospace brings in big gun

Robert Genise, former president and CEO of Boullioun Aviation Services, joins as head of leasing division.

Dubai Aerospace Enterprise, a government-backed aviation services company, has appointed an industry stalwart as the CEO of its DAE Capital business.

American-born Robert Genise, 59, previously president and CEO of Boullioun Aviation Services, will join DAE on April 22. He was responsible for building Boullioun into one of the world's top leasing businesses, taking the company from its inception in 1988 and growing its asset base to more than $3 billion with $250 million in annual revenues at the time of its sale in 2005.

"I am delighted to be joining a business whose ambition to create an innovative global aerospace leader is clearly defined," said Genise. "This is a unique opportunity and I look forward to building a team and a business that will ensure DAE Capital becomes a partner of choice for airlines worldwide."

Before joining Boullioun, Genise was managing director of Chemical Bank's Special Finance Group, with responsibility for the international aviation banking and leasing business. He also served as a senior VP, managing the bank's asset-based finance and leasing business, whose assets included commercial aircraft.

DAE Capital is one of six divisions of Dubai Aerospace Enterprise (DAE), alongside DAE Airports, DAE Manufacturing, DAE University, DAE Engineering and DAE Services. DAE aims to establish itself as the leading aviation services and support business in the world.

Bob Johnson, chief executive of DAE, said: "In appointing Bob Genise we have put down a significant marker to underline our plan to build an industry-leading leasing business. Bob's record of establishing a world class aircraft leasing business and his background in aviation banking make him a valuable addition to our leadership team and will ensure that DAE Capital competes with the best on a global level."

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