Thursday 21 August 2014
 
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Dubai Aerospace

DAE ends tie-up talks with BBA Aviation

Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, said on Sunday it was no longer in talks with British aircraft services firm BBA Aviation to merge parts of its business. The

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Dubai Aerospace acting CEO quits

Troubled government-owned leasing firm Dubai Aerospace Enterprise (DAE), which cancelled orders from Boeing and Airbus last year, said its acting chief executive has resigned. George Mushahwar left DAE to start an independent business ven

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DAE reaches deal with lenders

Dubai Aerospace Enterprise (DAE) has reached an agreement with its existing lenders on a new, four-year credit facility to replace the existing facility maturing on July 23, the company said. The value of the credit facility was not given

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Dubai Aerospace swings to $10.4m profit

Majority state-owned firm Dubai Aerospace, whose leasing unit cancelled a major Airbus order in March, made a profit of $10.4 million in 2010 amid higher revenues, an earnings statement showed on Sunday. The Dubai-based aircraft leasing f

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DAE appoints new chairman

State-owned Dubai Aerospace Enterprise (DAE), currently in negotiations with Boeing and Airbus over plane orders, has appointed a new chairman to its executive committee. Mohammed Ahmed Al Zarooni, formerly the managing director of DAE, wa

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Dubai Aerospace enters $340m engines deal

Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney, for A320 Airbus aircraft engines. The agreement between DAE Capital

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Dubai Aerospace closes $800m loan

State-owned Dubai Aerospace Enterprise (DAE) said on Sunday it has secured a three-year $800 million loan and revolving credit facilities for corporate purposes. The deal, which also includes an Islamic tranche, was arranged by Citigroup,

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Dubai Aerospace buys Austrian software firm

Dubai Aerospace Enterprise said it bought Austria's Flugwerkzeuge Aviation Software, a company that develops flight-planning software for airlines, for $25 million. "Airlines are suffering from record high fuel prices and are looking for b

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DAE to buy $1.5bn of aircraft to start leasing

State-run Dubai Aerospace Enterprise (DAE) is close to agreeing the purchase of $1.5 billion of aircraft, a top executive said. The purchase will kick-start its plane leasing business to compete with global players such as GE, a top execut

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DAE arranges funds for $1.8bn US buy

Dubai Aerospace Enterprise (DAE) said it has arranged funding for its planned $1.8 billion takeover of two aircraft-servicing companies in the US. DAE will buy Standard Aero Holdings Inc and Piedmont/Hawthorne Holdings Inc from private equ

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