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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
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Natural history of the UAE,
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INFRASTRUCTURAL DEVELOPMENT - DUBAI AEROSPACE ENTERPRISE
 DAE leases two 737-700 Aircraft to Turkish Airlines
Posted on 17/11/2009
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has leased two 737-700 Aircraft to THY Turkish Airlines.
The aircraft leased to Turkish Airlines will be operated by their LLC subsidiary Anadalou Jet until March and April 2015 respectively.
DAE Capital's fleet currently comprises 37 single aisle and wide-body aircraft. Furthermore, it has an additional 24 aircraft contracted of which 15 are on a purchase and lease back basis. DAE Capital has
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 Dubai Aerospace Enterprise selects IAE V2500 to power 20 new Airbus A320s
Posted on 16/11/2009
Dubai Aerospace Enterprise (DAE) and IAE International Aero Engines yesterday announced that DAE Capital, the aircraft leasing and financial business arm of DAE, has selected the V2500 SelectOne engine to power 20 new Airbus A320 Family aircraft. The value of this business is $340 million at list price and deliveries are scheduled to begin in 2011. These 20 aircraft are part of a 70-aircraft order the leasing company announced in July 2008.
George Mushahwar, Acting Chief Executive Officer,
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 DAE delivers second Boeing 737-800 NG to Garuda
Posted on 10/11/2009
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), delivered last week in Jakarta, Indonesia the second Boeing 737-800 Next-Generation aircraft to Garuda the national flag carrier of Indonesia.
The delivery follows the first which was delivered earlier in August of this year. It is one of eight new B737-800 aircraft to be delivered to Garuda between June 2009 and April 2010.
H.E. Dr. Omar Bin Sulaiman, DAE Group Managing Director, said: "DAE's
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 DAE Capital delivers advanced Boeing to Garuda
Posted on 03/08/2009
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), celebrated last week in Jakarta the delivery of the first Boeing 737-800 Next-Generation aircraft to Garuda, the national flag carrier of Indonesia.
The delivery is one of eight new B737-800 aircraft to be delivered to Garuda between June this year and April next year.
Dr Omar Bin Sulaiman, DAE Group Managing Director, said: "DAE's delivery of the first B737-800 aircraft to Garuda highlights
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 DAE secures funds for 9 Aircraft
Posted on 18/06/2009
DAE Capital, the aircraft leasing financial business arm of Dubai Aerospace Enterprise (DAE), handed over the second Boeing 777 Freighter to Emirates SkyCargo last week. Six more Boeing 777 Freighters are expected to be delivered to DAE between 2009 and 2014.
HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airlines and Group, said: "Emirates has been satisfied with the performance of the Boeing 777F since it joined our fleet. It is proving to be the most efficient
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 DAE in US$500m financing deal with US Ex-Im Bank
Posted on 02/05/2009
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), said yesterday it has signed a financing agreement worth over US$500 million (Dh1.83bn) with US-based Export-Import Bank, to support the purchase of 10 Boeing aircraft.
The financing deal will support the delivery of these aircraft by guaranteeing commercial loans or providing the loan itself, DAE said in a statement, adding that the aircraft will be allocated for purchase and leaseback agreements
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![]() UAE pioneer in Arab space world
Posted on 14/04/2009
The UAE is forging ahead with the development of a national space industry and its pioneering role can help accelerate the establishment of a Pan Arab space agency, which would reduce the cost of sending satellites into orbit.
The recent announcement by Abu Dhabi based 4C GEOC for a US$1billion dollar Earth Observation Space Centre, Yahsat's planned telecommunication satellites launches and the scheduled launch this summer of the UAE's first ingeniously built remote sensing satellite,
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 DAE plans to purchase 50 aircraft worth US$2.5 billion
Posted on 02/06/2008
Dubai Aerospace Enterprise (DAE) said it was in talks to buy 50 aircraft worth a total of about US$2.5 billion (Dh9.1bn) to expand its leasing business. DAE, which last year ordered up to US$13.5 billion of aircraft from Airbus, is looking to buy single- and twin-aisle planes over the next 18 months, including Boeing 777s and Airbus A330s, Bob Genise, CEO of DAE Capital, said yesterday. "Despite the rise in jet fuel prices, there are pockets of strong performance," he said. DAE Capital could
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 DAE announces strategic partnership with MIT
Posted on 29/04/2008
Dubai Aerospace Enterprise University (DAE University), has announced a strategic partnership with the Massachusetts Institute of Technology (MIT) Global Airline Industry Program to introduce global best practices in its aviation curriculum and promote region-specific research on the aviation and aerospace industry. DAE University is the education and training arm of Dubai Aerospace Enterprise (DAE).
Through the pioneering regional collaboration, which is expected to be a multi-year program,
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 DAE buys Austrian air software firm
Posted on 12/03/2008
Dubai Aerospace Enterprise (DAE) said it bought Austria's Flugwerkzeuge Aviation Software (f:wz), a privately held company that develops and distributes flight-planning software for airlines, for $25 million. "Airlines are suffering from record high fuel prices and are looking for better technologies that will ease the burden," Kamilia Sofia, acting chief executive of DAE unit DAE Services, said in a statement on Tuesday, adding that f:wz offered "solutions that deliver immediate and
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 DAE boosts deals to Dh106b
Posted on 15/11/2007
DAE Capital, the aircraft leasing subsidiary of Dubai Aerospace Enterprise, yesterday boosted its total aircraft deals to Dh106 billion (US$29 billion). Taking Centre stage at the Dubai Air Show, which saw mega deals worth more than Dh250 billion signed by Gulf based airlines and companies, DAE Capital signed a US$1 billion acquisition of 20 narrow and wide-body aircraft from GE Commercial Aviation Services (GECAS) in a deal comprising Boeing 737 next generation series and Airbus A320 series
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 DAE to buy 100 planes from Boeing for US$13.7b
Posted on 13/11/2007
Dubai Aerospace Enterprise (DAE) on Monday signed a purchase agreement for 100 aircraft worth US$13.7 billion from US plane manufacturer Boeing. The deal came just hours after DAE, the aero-space, manufacturing and services corporation, signed an initial agreement to buy as many as 100 aircraft from European plane-maker Airbus for US$13.5 billion.
DAE capital, DAE Group's aircraft leasing and financing business, aims to be one of the largest aircraft leasing businesses in the Middle East
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 DAE to build maintenance facility at new airport
Posted on 25/10/2007
Dubai Aerospace Enterprise will build a maintenance, repair and overhaul (MRO) facility to cater to a massive influx of new airlines and charter carriers expected for Dubai World Central Airport, its chief executive said yesterday. Bob Johnson said the facility would have a "significant" footprint at the new airport, but said final plans have not yet been completed.
The Dubai government is building World Central at a cost of $30 billion to accommodate 120 million passengers annually. DAE, a
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 DAE expects to generate over US$500m in revenues
Posted on 22/10/2007
Dubai Aerospace Enterprise (DAE) will generate more than US$500 million in revenues in 2007 through its recently acquired subsidiaries and will likely triple the following year, according to the company. Since it was formed in February 2006, the state-backed aerospace conglomerate has spent more than US$2 billion acquiring three aircraft maintenance, repair and overhaul firms in Switzerland and the United States. DAE purchased a 30 per cent stake in Swiss firm SR Technics in September 2006.
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 DAE to sign deal for 30 aircraft within six weeks
Posted on 04/10/2007
Dubai Aerospace Enterprise (DAE) will sign in four to six weeks deals to acquire 30 aircraft as part of a plan to build a fleet of 125 planes within five years, the company's aircraft leasing business head said.
These purchases will be in the secondary market and involve up to four transactions, DAE Capital's chief executive officer Bob Genise told Gulf News in an interview."I hope to have them done in another four to six weeks. If all goes well, I would like to have (deals for) 30 aircraft
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