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Dubai Aerospace Enterprise

Aviation

Dubai Aerospace Enterprise Overview

Global aviation services company Dubai Aerospace Enterprise is one of the largest aircraft leasing companies in the world.

Established more than 35 years ago, DAE’s leasing and engineering divisions serve more than 110 airline customers around the world. It has operations in Dublin, Singapore, New York, Miami, Seattle and Amman.

DAE has an owned, managed and committed fleet of approximately 500 aircraft with a fleet value of about $18 billion.

DAE’s engineering division, Joramco, is based at Queen Alia International Airport in Amman, Jordan, and has a facility offering maintenance, repair and overhaul services for aircraft from the Airbus, Boeing and Embraer fleets.

Joramco’s facility consists of five wide-body state-of-the-art hangars that can accommodate up to 17 wide and narrow-body aircraft.

The hangars are supported by 10 workshops specialising in the repair and overhaul of about 400 product lines. More than 5,000 components are processed throughout the year.

Dubai Aerospace Enterprise is owned by the Investment Corporation of Dubai.

Dubai Aerospace Enterprise News

The latest payment brings DAE's total insurance recovery to $601m

Dubai jet leaser wins $282m settlement in Russian case

Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing company, has received a $282 million cash settlement from unnamed insurers for aircraft leased to Russian Federation carriers. This latest payment brings DAE’s total insurance recovery to $601 million.  With this settlement DAE and its partners have resolved all claims against the involved insurance and […]

Willie Walsh, director general of the International Air Transport Association, says aircraftleasing companies will benefit from delays at Boeing and Airbus

IATA chief: Boeing and Airbus woes are a win for jet leasing

Aircraft leasing companies in the Arabian Gulf are profiting from prolonged delivery delays at aircraft makers Boeing and Airbus, with order backlogs at the manufacturers unlikely to clear before the end of the decade. “These [aircraft leasing] guys are in a fantastic position because they have a fantastic fleet of aircraft,” Willie Walsh, director general […]

Leveraging market conditions for Gulf IPOs, the investment Corporation of Dubai is strategically positioned to realise value through the potential listing of its existing assets, including the prominent Dubai Duty Free

Dubai’s ICD could tap IPO market to fund expansion

The Investment Corporation of Dubai (ICD), the principal investment arm of the emirate’s government, could potentially turn to the capital markets with a raft of listings over the next year or so, according to analysts. Established in 2006, ICD is worth about $340 billion and already has one of its crown jewels – Emirates NBD, […]

The 17 aircraft are expected to reduce DAE's weighted average passenger fleet age to 6.9 years

Dubai Aerospace buys 17 aircraft for $1bn

Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has acquired 17 aircraft for $1 billion from multiple sellers, the company said in a statement. Eighty percent of the aircraft are manufactured by Airbus, while the remaining 20 percent are from Boeing. The aircraft have been leased to 11 airlines in […]

Following the Nordic acquisition, DEA's fleet is valued at around $22bn

DAE acquires Irish aircraft lessor Nordic Aviation

Dubai Aerospace Enterprise, the Middle East’s largest aviation services company, has acquired aircraft leasing company Nordic Aviation Capital. No details on the terms of the transaction were disclosed. DAE said Nordic Aviation’s fleet in September 2024 comprised 252 owned and committed assets on lease to approximately 60 airline customers in approximately 40 countries. Based in […]

Dubai seen from a passenger jet. DAE's latest purchases will go to four airlines in four countries

Dubai Aerospace Enterprise buys 10 aircraft for $500m

Dubai Aerospace Enterprise (DAE), a global aviation services company, has acquired ten narrowbody aircraft for around $500 million. DAE will lease the next-generation aircraft to four airlines across four countries, the company said on Tuesday.  “These young aircraft with long remaining lease terms are expected to be favourable to our portfolio’s metrics, once delivered,” said […]

Aircraft, Airliner, Airplane

Dubai Aerospace Enterprise buys 23 aircraft for $1.1bn

Dubai Aerospace Enterprise Limited, a global aviation services company, has acquired 23 aircraft from multiple companies for $1.1 billion. The company’s aircraft portfolio will have an average age of 3.4 years and an average lease term remaining of 8.8 years on completion of the deal by year-end. These jets are on lease to 13 airlines […]

737 Max aircraft under construction at the Boeing factory in Renton, Washington. Dubai aircraft lessor DAE wants Boeing to 'get their act together'

Dubai aircraft lessor slams Boeing for delivery delays

Aircraft lessor Dubai Aerospace Enterprise has criticised troubled US manufacturer Boeing for its failure to deliver the promised amount of aircraft. DAE’s CEO Firoz Tarapore said it is likely to only receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to deliver. “The only thing we can […]

Aircraft lessor Dubai Aerospace Enterprise turned profitable in 2023

DAE gets $750m liquidity boost from Emirates NBD

Aircraft leasing company Dubai Aerospace Enterprise (DAE) has secured AED2.75 billion ($750 million) in funding from Dubai-listed Emirates NBD. The five-year unsecured term loan will be used for general corporate purposes and to support the company’s financing requirements, the aircraft lessor said in a statement. NewsletterGet the Best of AGBI delivered straight to your inbox […]

DAE's credit facility was increased to more than twice the proposed initial target following significant investor demand

Dubai Aerospace secures $420m from Chinese lenders

Aircraft lessor Dubai Aerospace Enterprise (DAE) has signed a $420 million five-year unsecured term loan with Chinese entities to support its business expansion. The DIFC branch of China Construction Bank and China Construction Bank (Asia) Corporation offered the loan facility. “This term loan will serve to further strengthen our already exceptional liquidity, which stood at […]