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Dubai Aerospace Enterprise  
Also known as: DAE
Sector | Industry
Transport | Airport and Aircraft Services
 
Country of Origin
United Arab Emirates
 
 
 
 
 
 
Company Updated: Nov 11, 2008
 
UAE
Limited Liability
 
 
Holding company for aircraft manufacturing and maintenance; airport development and management; aircraft leasing and financing; aerospace education; aerospace technology incubator and consulting.
2006 (February)
68 (Company)
33 aircrafts
 Key Officers
HH Sheikh Ahmad Bin Saeed Al Maktoum
Chairman and President, Dubai Civil Aviation
George Mushahwar
Acting Chief Executive Officer
 
 Contact Details
Address:
DIFC
The Gate District, Building Number 4
3rd Floor
Sheikh Zayed Road
P.O. Box 506592
Dubai
United Arab Emirates
 
+971 4-428-9600
 
+971 4-425-0382
 
info@dubaiaerospace.com
 
www.dubaiaerospace.com
 
www.daeflightacademy.com
www.flugwerkzeuge.com
www.daecapital.com
www.standardaero.com

 
  Latest Headline
DAE continues to grow wide-body lease portfolio  - Gulf News
 
  Privatization Details
Subscription
Period:
2009
 

  Business Overview
The Dubai Aerospace Enterprise (DAE) is a government-owned holding company operating through six subsidiaries: aircraft manufacturing; aircraft servicing; airport development and management; aircraft leasing and financing; aerospace education; aerospace technology incubator and consulting.

With the backing of Dubai’s ruling family, DAE was established with AED55.1 billion (USD15 billion) in start-up capital and a mission to establish a presence for the Aerospace industry to the Middle East.

DAE Engineering provides aviation maintenance, repair and overhaul (MRO) operations, engine maintenance, repair and services as well as aircraft completions and conversions. DAE Manufacturing provides synergies with DAE Engineering and deliver cutting-edge research and development, manufacturing and assembly. Another subsidiary, DAE Airports plans to enhance the operational performance of airport systems and infrastructure.

Through DAE Capital, the group offers aircraft leasing, financing, and insurance. DAE's education arm, DAE Flight Academy, was established in partnership with the UK-based Cranfield University to offer undergraduate and post-graduate degrees in aeronautics. DAE Services is an aerospace technology incubator that compliments its sister companies by seeking out emerging technologies that can be integrated into DAE's airplane and airport divisions.

DAE acquired the aviation service providers Standard Aero and Landmark Aviation from The Carlyle GroupThe Carlyle GroupLoading... in mid 2007. Later in the year, DAE sold the FBO business of Landmark Aviation and consolidated the MRO businesses of Landmark Aviation and Standard Aero, which now operate under a single brand entity, Standard Aero.

As a group, DAE aims to have AED18.4 billion (USD5 billion) to AED36.7 billion (USD10 billion) in revenues by 2012; it also plans to have each of its subsidiaries undergo an IPO in the future.
 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
DAE Airports UAE 100.00%
DAE Aviation Holdings United States 100.00%
DAE Capital UAE 100.00%
DAE Engineering UAE 100.00%
DAE Flight Academy UAE 100.00%
DAE Manufacturing UAE 100.00%
DAE Services UAE 100.00%
Flugwerkzeuge Aviation Software [via DAE Services] Austria 100.00%
Standard Aero United States 100.00%
 
 
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