Tag: Dubai Aerospace Enterprise

Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets

Boeing and Dubai Aerospace Enterprise (DAE) today announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. (more…)...

UAE aircraft lessor DAE secured 125 lease deals, extensions in 2020

By Staff Writer, ZAWYA Dubai Aerospace Enterprise (DAE), one of the world’s biggest aircraft lessors, secured more lease deals last year despite the decline in air traffic. From January to December 2020, the leasing company recorded a total of 125 lease agreements and extensions, up fr...

Joramco Heads into the New Season Continuing Maintenance Agreement with Ryanair

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), is heading into the new season and starting maintenance on the new line of aircraft after successfully completing its first-time base maintenance agreement with the Irish budget airline, Ryanair. The agreeme...

DAE announces Q1 2020 financial results

Dubai Aerospace Enterprise (DAE) Ltd. reported its financial results for the three months ended 31 March 2020. The consolidated financial statements can be found here.Highlights included: Total Revenue: US$344.2 million (Q1 2019: US$360.0 million)Net Income: US$76.7 million&n...

DAE signs $300 million 5-year dual tranche unsecured term financing facility

Dubai Aerospace Enterprise (DAE) Ltd. has announced that it has signed a US$300 million 5-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD. The facility will contain a conventional and an Islamic tranche ...

DAE signs new US$300 million 4-year unsecured term loan

Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a US$300 million 4-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited. The principal amount of the loan can be increased to $500 million. The loan will ...

DAE repurchases US$450 million of common shares

Dubai Aerospace Enterprise (DAE) Ltd. announced that it had repurchased outstanding common shares worth US$450 million. DAE also announced that it had received US$450 million in connection with the early partial repayment of a Note Receivable from certain shareholders. Firoz Tarapore, Chief Exec...

Joramco adds the Boeing 777 & the Airbus A320neo to its GCAA approval

Joramco adds the Boeing 777 & the Airbus A320neo to its GCAA approval

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), has announced that it has extended its United Arab Emirates approval, the GCAA, to include the Boeing 777 and the Airbus A320neo aircraft types. Jeff Wilkinson, Joramco‘s Chief Executive Officer commented...

Kenya Airways renews its agreement with Joramco for its 787 aircarft

Kenya Airways renews its agreement with Joramco for its 787 aircarft

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE) has won another base maintenance contract from Kenya Airways- Kenya’s flag carrier, to perform seven heavy checks and modifications on their 787 aircraft. The checks will commence in 2020, between January and...

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