Dubai Aerospace Enterprise

Ranked #173 on the list Best Dubai of All Time

7.00
Based on 1 votes

About Dubai Aerospace Enterprise

Dubai Aerospace Enterprise (DAE) is a global aviation corporation. DAE was founded by the Dubai government in 2006 with a $15bn capital base. The company originally had six divisions - DAE Capital, DAE Services, DAE Manufacturing, DAE Airports, DAE Engineering and DAE University. It has since shut all units except for leasing division DAE Capital and DAE Manufacturing. DAE will grow through a series of phased developments and eventually be based at Al Maktoum International Airport at Dubai World Central, the new 140 square kilometre airport and logistics city being constructed at Jebel Ali, Dubai. DAE’s shareholders include the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, Istithmar World, and Dubai Silicon Oasis. DAE Capital specialises in aircraft leasing, financing and insurance with other management services. On 12 November 2007 DAE signed letters of intent for aircraft order worth $27 billion at the 2007 Dubai Airshow. As of April 2009, DAE Capital had a fleet of 36 aircraft which are leased to various airlines around the world. In 2010, DAE was "struggling", and cancelled orders for 50 Airbus and Boeing airliners worth $8 billion.

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