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DAE Sees Huge 9-Month Profit Boost
Air Transport

DAE Sees Huge 9-Month Profit Boost

Dubai Aerospace Enterprise improves on 2018

TLME News Service

Aircraft leasing giant Dubai Aerospace Enterprise (DAE) has reported a revenue of US$1.07 billion for the first nine months of 2019, a solid growth when compared to $1.06 billion for the same period in 2018.

DAE Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world.

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.

DAE’s award-winning leasing division DAE Capital has an owned, managed, committed to own and committed to managing a fleet of approximately 400 Airbus planes, ATR and Boeing aircraft with a fleet value exceeding US$15 billion.

DAE said its net income too rose to $260.5 million for the period.

Operating profit for the nine months also saw a rise, with $566.5 million compared to $582 million.

The adjusted EBITDA stood at $999.2 million.

Read more: DAE’s Joramco Obtains EASA Part-145 Approval for Boeing 777