Tag: Dubai Aerospace Enterprise (DAE)

Joramco signs new partnership agreement with Air India

Joramco, the Amman-based aircraft MRO facility and engineering arm of Dubai Aerospace Enterprise (DAE), has signed a maintenance agreement with India’s leading global carrier and Star Alliance member Air India for the first time. Announced at the recent MRO Asia-Pacific in Singapore, this agree...

Dubai Aerospace Enterprise reports soaring first-half profits as aircraft portfolio expands

Dubai Aerospace Enterprise (DAE) has posted a sharp rise in profits and revenues for the first half of 2025, underpinned by a major acquisition and strong operational performance. The Dubai-based aircraft leasing giant reported pre-tax profits of US$506.8 million for the three months ending 30 Ju...

DAE sells assets to and signs servicing agreement with K2 Aviation

Dubai Aerospace Enterprise (DAE) Ltd, a global aviation services corporation, today announced that it has signed a definitive agreement with K2 Aviation, a mid- to end-of-life aviation investor, to sell 7 Airbus and Boeing aircraft on lease to 6 airline customers. DAE also signed an agreement wit...

DAE signs definitive agreement to acquire Nordic Aviation Capital

Dubai Aerospace Enterprise (DAE) Ltd today announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group of companies, an aircraft leasing company formed over 30 years ago. Terms of the transaction were not disclosed. As of September 2024, NAC’s fleet comp...

Dubai Aerospace Enterprise secures $201 Million in insurance settlements over Russian aircraft

Dubai Aerospace Enterprise (DAE) Ltd has announced it has received approximately $201 million in cash settlements over the past three months from select insurance companies. These settlements pertain to claims on aircraft previously leased to airline carriers in the Russian Federation. In exch...

Joramco Academy kicks off the academic year at its new facility

Joramco Academy, the educational arm of Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced the start of its new academic year, marking the first semester the students attend the newly inaugurated p...

Joramco enters a new partnership with Iberojet

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has forged a new partnership with Spanish-Portuguese long and medium-haul airline, Iberojet, part of Avoris Corporación Empresarial Under this partnership, ...

DAE announces portfolio aircraft acquisitions of 23 aircraft

Dubai Aerospace Enterprise (DAE) Ltd today announced that it had recently signed agreements to acquire 23 aircraft from multiple counterparties for approximately US$1.1 billion. When consolidated, the aircraft portfolio has a weighted average age of 3.4 years, a weighted average lease term remain...

Joramco inks new maintenance agreement with LATAM Airlines

Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE), has been awarded a contract to perform Heavy Maintenance for LATAM Airlines, the largest airline in Latin America. The agreement was announced during MRO Americas...

DAE signs new $750 million 5-year unsecured term loan

Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, today announced that it has signed an AED 2.75 billion (US$750 million) 5-year unsecured term loan with Emirates NBD Bank P.J.S.C. (“ENBD”). The loan will be used for general corporate purposes and support the future ...

Ryanair extends maintenance agreement with Joramco to 10 maintenance lines

Ryanair has announced an extension to its maintenance agreement with Joramco, the MRO provider based in Jordan and the engineering arm of Dubai Aerospace Enterprise (DAE) Ltd, which will see the airline undertake 10 lines of heavy maintenance for the next 10 years at their MRO facility in Amman, Jor...

Joramco appoints new vice president of supply chain

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced Petra Lindemann’s appointment as the new Vice President of Supply Chain. With nearly two decades of experience, Petra is an aviation professi...

Ryanair expands in Amman confirming long-term partnership with Joramco

Ryanair announced its expansion in Amman, confirming the 5-year heavy maintenance agreement with Joramco, the MRO provider based in Jordan and the engineering arm of Dubai Aerospace Enterprise (DAE). This agreement will further extend the partnership and will see the airline utilising up to 6 hea...

Joramco welcomes Thomas Bjorndal as chief commercial officer

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announce Thomas Bjorndal’s appointment as the company's new Chief Commercial Officer. Mr Bjorndal is an aviation professional with a track record spann...

DAE to acquire order book of 64 Boeing 737 MAX aircraft from CALC

Dubai Aerospace Enterprise (DAE) Ltd today announced that an affiliate had signed a definitive agreement to acquire the rights, interests, and obligations of a portfolio of 64 Boeing 737 MAX aircraft from a wholly-owned subsidiary of China Aircraft Leasing Group Holdings Limited (“CALC”). The...

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