Dubai Aerospace Enterprise posts small Q1 profit, revenue rises

Middle East's largest aircraft leasing company says first quarter net profit rises to $99m
Dubai Aerospace Enterprise posts small Q1 profit, revenue rises
Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers.
By Sam Bridge
Thu 09 May 2019 03:03 PM

Dubai Aerospace Enterprise (DAE), the Middle East's largest aircraft leasing company, on Thursday reported small increases in both revenue and net profit for the first quarter of 2019.

DAE said total revenue reached $360 million compared to $352.4 million in the year-earlier period, while profit rose from $96 million to $99 million.

Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.

Its leasing division DAE Capital has an owned, managed and committed fleet of approximately 355 Airbus, ATR and Boeing aircraft with a fleet value of $13 billion.

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