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Dubai Aerospace Enterprise

Dubai Aerospace Enterprise
Company nameDubai Aerospace Enterprise
Company typePublic
IndustryAviation and Aircraft Leasing Industry
FoundedDubai (2006)
Founder(s)Sheikh Ahmed bin Saeed Al Maktoum
Operating income(+) 15 Billion USD (2007)

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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.

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