DAE buys 100 airplanes from Boeing at $10.9 Billion - Dubai Aerospace Enterprise aims to be global leader in aircraft leasing
Published by Dubai Expat January 4th, 2008 in News.Dubai Aerospace Enterprise has just completed finalizing a contract that will entail buying a 100 airplaces, valued at approx $10.9 billion. DAE Capital Chief Executive Bob Genise stated that this was a big step to achieving the objective of DAE in becoming a global leader in the aircraft leasing market.
About DUBAI AEROSPACE ENTERPRISE (DAE)
DAE was established in Dubai in February 2006, and is building a global aerospace, manufacturing and services corporation. Based in Dubai, the fastest growing city in the world, DAE is situated at the heart of one of the world’s most dynamic regions, and is ideally positioned to shape the trends that will decide the future of the aerospace industry.
DAE is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry inside the next decade.
The group will grow through a series of phased developments to produce an integrated aerospace cluster, based at Dubai World Central – the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai.
As aviation in the Middle East continues to expand dramatically, Dubai will emerge as a major worldwide aviation hub, with one of the world’s fastest growing airlines, a world-class infrastructure, and an award-winning airport.
DAE’s shareholders include EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority (DAFZA), Dubai International Capital, Dubai International Financial Centre, the Government of Dubai and AMLAK Finance. More on DAE - www.dubaiaerospace.com
