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DUBAI: Six months that took DAE back to the big league

Two years ago, a somewhat chastened Dubai Aerospace Enterprise found itself ready to enter the ring again, having slimmed down from the would-be heavyweight that had strutted out to become a big name in the industry back in 2006. After divesting US maintenance, repair and overhaul house Standard Aero for an undisclosed sum in 2015, DAE was left with one business: a leasing operation with a fleet of 66 aircraft and a portfolio value of around $4 billion. DAE had become a boutique rather than behemoth in the world of aircraft finance – albeit one holding a sizeable chunk of capital.

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