Dubai Aerospace Enterprise
Encyclopedia
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
.
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.
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
Dubai International Capital
Dubai International Capital is the international investment arm of Dubai Holding, a holding company and sovereign wealth fund of the government of Dubai and its ruling family and has been over-leveraged to the point whereby the company is not able to service its interest payments in a normal fashion...
, DIFC Investments LLC, EMAAR, Istithmar World
Istithmar World
Istithmar World is an investment firm based in Dubai, United Arab Emirates . This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003...
, and Dubai Silicon Oasis
Dubai Silicon Oasis
Dubai Silicon Oasis is a 7.2km² free zone in Dubai with special benefits to companies operating within it. And providing various infrastructure services.-Introduction:...
.
DAE Capital
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
Dubai Airshow
The Dubai Airshow is a biennial show held in Dubai, United Arab Emirates. It is organized by "Fairs & Exhibitions Ltd" since the year 1989; in cooperation with the Government of Dubai, the Department of Civil Aviation and Dubai International Airport in collaboration with the UAE Union Defense...
. 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.
| Aircraft | In Service | Orders | Notes | |
|---|---|---|---|---|
| Airbus A319-100 Airbus A320 family The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001... |
8 | 0 | ||
| Airbus A320-200 Airbus A320 family The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001... |
7 | 0 | ||
| Airbus A330-200 | 11 | 0 | 3 A330-223s were acquired from Kingfisher Airlines Kingfisher Airlines Kingfisher Airlines is an airline group based in India. Its head office is Kingfisher House in Vile Parle , Mumbai. Kingfisher Airlines, through its parent company United Breweries Group, has a 50% stake in low-cost carrier Kingfisher Red.... under a 'sale and leaseback deal'. |
|
| Airbus A350-900 Airbus A350 The Airbus A350 is a family of long-range, wide-body jet airliners under development by European aircraft manufacturer Airbus.A consortium originally comprising European aerospace companies from the UK, France, Spain and West Germany, Airbus is now fully owned by EADS and since 2001 has been known... |
0 | 0 | ||
| Boeing 737-700 Boeing 737 Next Generation The Boeing 737 Next Generation, commonly abbreviated as Boeing 737NG, is the name given to the -600/-700/-800/-900 series of the Boeing 737 after the introduction of the -300/-400/-500 Classic series. They are short- to medium-range, narrow-body jet airliners... |
3 | 0 | ||
| Boeing 737-800 Boeing 737 Next Generation The Boeing 737 Next Generation, commonly abbreviated as Boeing 737NG, is the name given to the -600/-700/-800/-900 series of the Boeing 737 after the introduction of the -300/-400/-500 Classic series. They are short- to medium-range, narrow-body jet airliners... |
13 | 0 | ||
| Boeing 777-300ER Boeing 777 The Boeing 777 is a long-range, wide-body twin-engine jet airliner manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet and is commonly referred to as the "Triple Seven". The aircraft has seating for over 300 passengers and has a range from , depending on model... |
4 | 0 | 2 new 777-319ERs have been leased to Air New Zealand Air New Zealand Air New Zealand Limited is the national airline and flag carrier of New Zealand. Based in Auckland, New Zealand, the airline operates scheduled passenger flights to 26 domestic destinations and 24 international destinations in 15 countries across Asia, Europe, North America and Oceania, and is... for 12yrs. |
|
| Boeing 747-8F Boeing 747-8 The Boeing 747-8 is a wide-body jet airliner developed by Boeing Commercial Airplanes. Officially announced in 2005, the 747-8 is the fourth-generation Boeing 747 version, with lengthened fuselage, redesigned wings and improved efficiency... |
0 | 10 | These frames were acquired from Emirates Sky Cargo on a sale and leaseback deal. | |
| Boeing 777F Boeing 777 The Boeing 777 is a long-range, wide-body twin-engine jet airliner manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet and is commonly referred to as the "Triple Seven". The aircraft has seating for over 300 passengers and has a range from , depending on model... |
2 | 6 | For Emirates Sky Cargo | |
| Total | 46 | 21 |